Analyzing Eaton Vance's Ex-Dividend Date

On November 2, 2020, Eaton Vance EOI declared a dividend payable on November 30, 2020 to its shareholders. Eaton Vance also announced that shareholders on the company's books on or before November 23, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Eaton Vance, whose current dividend payout is $0.09, has an ex-dividend date set at November 20, 2020. The payout equates to a dividend yield of 7.8% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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. Most ex-dividend dates operate on a quarterly basis.

Eaton Vance's Dividend History

Over the past year, Eaton Vance has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on July 23, 2020 the company's payout was $0.09, which has returned to its value today. Eaton Vance's dividend yield last year was 7.61%, which has since grown by 0.19%.
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.

Click here to find details on Eaton Vance's previous dividends.