Benzinga | Dec 22, 2020 10:21AM EST

Ex-Dividend Date Insight: Eaton Vance Tax-mangd Glo

On December 1, 2020, Eaton Vance Tax-mangd Glo (NYSE:ETW) announced shareholders can expect to receive a dividend payable on December 31, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Eaton Vance Tax-mangd Glo will be on December 23, 2020. The company's current dividend payout is at $0.07. That equates to a dividend yield of 9.24% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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-mangd Glo's Dividend History

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 August 21, 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 9.53%, which has since decreased by 0.29%.

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.

To read more about Eaton Vance Tax-mangd Glo click here.