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Eaton Vance Tax-mangd Glo (NYSE:ETW) declared a dividend payable on January 29, 2021 to its shareholders as of January 4, 2021. It was also announced that shareholders of Eaton Vance Tax-mangd Glo's stock as of January 22, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Eaton Vance Tax-mangd Glo, which has a current dividend per share of $0.07, has an ex-dividend date scheduled for January 21, 2021. That equates to a dividend yield of 9.01% at current price levels.
The Significance Of Ex-Dividend Dates
Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.
Eaton Vance Tax-mangd Glo's Dividend Performance
Over the past year, Eaton Vance Tax-mangd Glo has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on September 22, 2020 the company's payout was $0.07, which has returned to its value today. Eaton Vance Tax-mangd Glo's dividend yield last year was 9.69%, which has since decreased by 0.68%.
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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