Eaton Vance hikes dividend for 35th consecutive year

Eaton Vance will raise its dividend by 6%.

Eaton Vance Corp. (EV), one of the oldest investment management firms in the United States, will raise its quarterly dividend to $0.265 per share, marking 35 years of consecutive dividend increases.

"The increase marks the 35th consecutive fiscal year that the Company has raised its regular quarterly dividend, which has grown at a compound annual rate of 18 percent over that 35 year period".  

At a current stock price of $34.87 per share Eaton Vance has an indicated dividend yield of 3%.

Source: Eaton Vance

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