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.

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

The article Eaton Vance Keeps Dividend Steady originally appeared on Fool.com.

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