Eaton Vance Raises Dividend 10%
Oct 17th 2013 8:59PM
Updated Oct 17th 2013 9:00PM
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.
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