Eaton Vance Keeps Dividend Steady
Investment management firm Eaton Vanceannounced yesterday its second-quarter dividend of $0.20 per share, the same rate it's paid for the past three quarters after raising the payout 5% from $0.19 per share.
The board of directors said the quarterly dividend is payable on Aug. 9 to the holders of record at the close of business on July 31. Eaton Vance is one of the oldest investment management firms in the U.S., with a history dating back to 1924. It paid a special dividend of $1.00 per share last December.
The regular dividend payment equates to a $0.80-per-share annual dividend, yielding 2% based on the closing price of Eaton Vance's stock on July 15.
The article Eaton Vance Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.