EATON VANCE TAX: Dividend Insights
Portfolio Pulse from Benzinga Insights
EATON VANCE TAX (NYSE:EVT) announced a monthly dividend of 14.88 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 14.88 cents lower. Shareholders owning EVT by the end of Tuesday's session will be eligible for the dividend payout. The dividend will be paid out on October 19, 2023.
October 06, 2023 | 2:45 pm
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EATON VANCE TAX (NYSE:EVT) announced a monthly dividend of 14.88 cents per share. The stock will go ex-dividend on Wednesday, which may cause the stock to open lower.
The announcement of a dividend payout usually leads to a temporary increase in the stock price as investors buy the stock to qualify for the dividend. However, once the stock goes ex-dividend, the stock price typically decreases by roughly the amount of the dividend payout. In this case, EVT is expected to open 14.88 cents lower on Wednesday.
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