Eaton Vance Raises Dividend 10%

Investment management firm Eaton Vance announced today its fourth-quarter dividend of $0.22 per share, a 10% increase over the payout made to investors last quarter of $0.20 per share.

The increase marks the 33rd consecutive year that Eaton Vance has raised its quarterly dividend, which has grown at a compound annual rate of 18% over that time period.

The board of directors said the quarterly dividend is payable on November 13 to holders of record at the close of business on October 31. The regular dividend payment equates to a $0.88-per-share annual dividend, yielding 2.2% based on the closing price today of Eaton Vance's stock.


EV Dividend Chart

EV Dividend data by YCharts. Chart reflects special dividend paid in December 2012.

The article Eaton Vance Raises Dividend 10% originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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