Eaton Vance (EV) to Extend Streak of Dividend Increases

What's Happening With EV View more about EV >

Eaton Vance (EV) is a dividend aristocrat with a 38 year streak of dividend increases that it will likely extend this week. The stock currently offers a yield of 3.3% and the stock has risen 20.4% on the year.

Technical Analysis

EV was recently trading at $42.26 down $10.09 from its 12-month high and $9.98 above its 12-month low. InvestorsObserver’s Stock Score Report gives EV a 45 long-term technical score and a 47 short-term technical score. The stock has recent support above $39 and recent resistance below $47. Of the 6 analysts who cover the stock 0 rate it Strong Buy, 0 rate it Buy, 4 rate it Hold, 1 rate it Sell, and 1 rate it Strong Sell, EV gets a score of 40 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

With a 38-year streak of increases and a relatively low payout ratio of just 43%, chances are good that Eaton Vance will extend its streak of increases again this year. The company tends to announce its annual increases during the second week of October, with the stock trading ex-dividend during the final days of the month. Last year the company boosted its dividend by just under 13% and given the low payout ratio the company can easily afford a similar increase this year. EV currently has a quarterly dividend of $0.35 per share. Look for the quarterly distribution to rise to around $0.39 for an increase of 11.5% and the announcement to come as early as this week.

EV
About Eaton Vance Corporation

Eaton Vance provides asset-management and investment advisory services to institutional and individual investors. The firm specializes in tax-managed equity and fixed-income investments and is the third-largest issuer of closed-end funds. Investment advisory services are primarily provided to high-net-worth clients, institutional separate accounts, and retail managed accounts, with most products distributed through financial intermediaries in the advisory channel. The company had $482.8 billion in assets under management at the end of July 2019, composed of equity (27% of AUM), fixed-income (19%), floating-rate bank loan (8%), alternative asset (2%), and money market funds, as well as assets managed under its implementation services (26%) and exposure management (18%) platforms.

  • Last Price:
    $43.47
  • Previous Close:
    $42.61
  • Change:
    $0.86 (2.02%)
  • Open:
    $43.54
  • Volume:
    627,500
  • Average Volume (100 Day):
    726,610
  • Market Capitalization:
    $4.9 B
  • Day's Range:
    $43.44 - $44.25
  • Dividend Yield:
    3.29%
  • 52-week Range:
    $48 - $32.28
  • P-E:
    12.40
  • EPS:
    $3.41
  • Earnings Date:
    11/26/19
  • Ex Dividend Date:
    7/30/19
  • Sector:
    Financial Services
  • Industry:
    Asset Management
  • Analyst Average Recommendation:
    Moderate Sell

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