Eaton Vance Corp (NYSE:EV) Declares $0.38 Quarterly Dividend

Eaton Vance Corp (NYSE:EV) announced a quarterly dividend on Friday, October 16th, Wall Street Journal reports. Stockholders of record on Friday, October 30th will be given a dividend of 0.375 per share by the asset manager on Friday, November 13th. This represents a $1.50 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Thursday, October 29th.

Eaton Vance has increased its dividend payment by 32.6% over the last three years and has raised its dividend annually for the last 25 consecutive years.

Shares of NYSE:EV opened at $61.94 on Friday. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 3.27 and a beta of 1.46. The firm has a fifty day moving average price of $42.58 and a 200 day moving average price of $38.21. Eaton Vance has a fifty-two week low of $23.59 and a fifty-two week high of $62.20.

Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Wednesday, August 26th. The asset manager reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. Eaton Vance had a net margin of 16.56% and a return on equity of 31.17%. The business had revenue of $420.80 million for the quarter, compared to analysts’ expectations of $411.05 million. During the same quarter in the previous year, the company earned $0.90 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities research analysts anticipate that Eaton Vance will post 3.34 EPS for the current year.

EV has been the subject of a number of research reports. TheStreet lowered Eaton Vance from a “b-” rating to a “c+” rating in a research note on Monday, September 21st. Credit Suisse Group upped their price objective on Eaton Vance from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. ValuEngine raised shares of Eaton Vance from a “sell” rating to a “hold” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. raised shares of Eaton Vance from a “neutral” rating to an “overweight” rating and upped their price target for the company from $44.00 to $50.00 in a research note on Thursday, August 27th. Finally, Bank of America increased their price objective on shares of Eaton Vance from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $44.75.

About Eaton Vance

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. Further, the company operates as an adviser and distributor of investment companies and separate accounts.

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Dividend History for Eaton Vance (NYSE:EV)

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