Eaton Vance California's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Eaton Vance California (AMEX:EVM) has announced a monthly dividend of 2.92 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders owning EVM as of the end of Tuesday's session are eligible to receive the dividend. The dividend will be paid out on October 19, 2023.
October 06, 2023 | 2:45 pm
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Eaton Vance California's announcement of a 2.92 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not necessarily indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why a short-term decrease in EVM's stock price is expected. However, this is a standard part of the dividend process and does not necessarily reflect on the company's overall financial health or performance.
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