Friday Is Your Last Chance To Buy Eaton Vance Municipal IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Eaton Vance Municipal IT (NYSE:EVN) announced a monthly dividend of 4.61 cents per share, going ex-dividend on Monday. Shareholders owning the stock by the end of Friday are eligible for the payout on February 20, 2024. The stock is expected to open 4.61 cents lower on Monday to reflect the dividend payout.
February 07, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Eaton Vance Municipal IT announced a monthly dividend of 4.61 cents per share, with the stock going ex-dividend on Monday. Shareholders must own the stock by Friday to receive the payout on February 20, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price to reflect the payout amount, as indicated by the expected opening price adjustment. This is a common market reaction to dividend announcements.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100