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Understanding Eaton Vance Municipal IT's Ex-Dividend Date

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Benzinga Insights
·2 min read
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On January 4, 2021, Eaton Vance Municipal IT (NYSE:EVN) announced shareholders can expect to receive a dividend payable on January 22, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Eaton Vance Municipal IT will be on January 13, 2021. The company's current dividend payout is at $0.05. That equates to a dividend yield of 4.28% at current price levels.

The Significance Of 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Eaton Vance Municipal IT's Dividend Payouts And Yields

Over the past year, Eaton Vance Municipal IT has seen its dividend payouts remain the same and its yields trend downward. Last year on September 10, 2020 the company's payout sat at $0.05, which has returned to its value today. Eaton Vance Municipal IT's dividend yield last year was 4.55%, which has since decreased by 0.27%.
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 Municipal IT's previous dividends.

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