Benzinga | Nov 19, 2020 10:11AM EST

Ex-Dividend Date Insight: Eaton Vance Tax Advgd Gbl

On November 2, 2020, Eaton Vance Tax Advgd Gbl (NYSE: ETG) declared a dividend payable on November 30, 2020 to its shareholders. Eaton Vance Tax Advgd Gbl also announced that shareholders on the company's books on or before November 23, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Eaton Vance Tax Advgd Gbl, whose current dividend payout is $0.1, has an ex-dividend date set at November 20, 2020. The payout equates to a dividend yield of 8.61% 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. Most ex-dividend dates operate on a quarterly basis.

Understanding Eaton Vance Tax Advgd Gbl's Dividend History

Over the past year, Eaton Vance Tax Advgd Gbl has experienced no change regarding its dividend payouts and yields. Last year on July 23, 2020 the company's payout was $0.1. Eaton Vance Tax Advgd Gbl's dividend yield last year was 8.61%.

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 Tax Advgd Gbl's previous dividends.