Understanding Eaton Vance Municipal's Ex-Dividend Date

On December 1, 2020, Eaton Vance Municipal EIM declared a dividend payable on December 31, 2020 to its shareholders. Eaton Vance Municipal also announced that shareholders on the company's books on or before December 24, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Eaton Vance Municipal, which has a current dividend per share of $0.05, has an ex-dividend date scheduled for December 23, 2020. That equates to a dividend yield of 4.5% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Eaton Vance Municipal's Dividend Performance

Over the past year, Eaton Vance Municipal has seen no change regarding its dividend payouts and yields. Last year on August 21, 2020 the company's payout sat at $0.05. Eaton Vance Municipal's dividend yield last year was 4.5.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more about Eaton Vance Municipal click here.