Understanding Eaton Vance Tax Advgd Gbl's Ex-Dividend Date

On December 1, 2020, Eaton Vance Tax Advgd Gbl ETG announced shareholders can expect to receive a dividend payable on December 31, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Eaton Vance Tax Advgd Gbl has an ex-dividend date set for for December 23, 2020. The company's current dividend payout is $0.1, which equates to a dividend yield of 7.25% at current price levels.

What Is An Ex-Dividend Date?

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.

Understanding Eaton Vance Tax Advgd Gbl's Dividend Performance

Over the past year, Eaton Vance Tax Advgd Gbl has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on August 21, 2020 the company's payout was $0.1, which has returned to its value today. Eaton Vance Tax Advgd Gbl's dividend yield last year was 8.28%, which has since decreased by 1.03%.
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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