Eaton Vance Ltd Duration's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Eaton Vance Ltd Duration (AMEX:EVV) has announced a monthly dividend of 7.85 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders owning EVV as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on August 18, 2023.
August 07, 2023 | 2:46 pm
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Eaton Vance Ltd Duration (EVV) has announced a monthly dividend of 7.85 cents per share. The stock will go ex-dividend on Thursday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. Therefore, it is expected that EVV's stock price will open lower on the ex-dividend date.
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