On March 1, 2021, Eaton Vance Municipal EIM declared a dividend payable on March 31, 2021 to its shareholders. Eaton Vance Municipal also announced that shareholders on the company's books on or before March 24, 2021 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 March 23, 2021. That equates to a dividend yield of 4.53% at current price levels.
The Significance Of An Ex-Dividend Date
Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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. Most ex-dividend dates operate on a quarterly basis.
Understanding Eaton Vance Municipal's Dividend Performance
Over the past year, Eaton Vance Municipal has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on November 20, 2020 the company's payout was $0.05, which has returned to its value today. Eaton Vance Municipal's dividend yield last year was 4.58%, which has since decreased by 0.05%.
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.
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