Understanding Eaton Vance Duration's Ex-Dividend Date

On November 2, 2020, Eaton Vance Duration EVV declared a dividend payable on November 19, 2020 to its shareholders. Eaton Vance Duration also announced that shareholders on the company's books on or before November 12, 2020 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. Eaton Vance Duration, whose current dividend payout is $0.1, has an ex-dividend date set at November 10, 2020. The payout equates to a dividend yield of 10.26% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Eaton Vance Duration's Dividend Performance

Over the past year, Eaton Vance Duration has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on July 10, 2020 the company's payout was $0.1, which has returned to its value today. Eaton Vance Duration's dividend yield last year was 10.65%, which has since decreased by 0.39%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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