Eaton Vance Corp. (EV) Announces Quarterly Dividend of $0.22
Eaton Vance Corp. (NYSE:EV) announced a quarterly dividend on Wednesday, January 15th, AmericanBankingNews.com reports. Investors of record on Friday, January 31st will be paid a dividend of 0.22 per share on Wednesday, February 12th. This represents a $0.88 annualized dividend and a dividend yield of 2.16%.
A number of analysts have recently weighed in on EV shares. Analysts at William Blair initiated coverage on shares of Eaton Vance Corp. in a research note to investors on Wednesday, December 4th. They set a “market perform” rating on the stock. Analysts at Credit Suisse upgraded shares of Eaton Vance Corp. from an “underperform” rating to an “outperform” rating in a research note to investors on Wednesday, October 23rd. They now have a $46.00 price target on the stock, up previously from $40.00. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $40.22.
Eaton Vance Corp. (NYSE:EV) traded up 0.86% during mid-day trading on Wednesday, hitting $41.04. The stock had a trading volume of 450,405 shares. Eaton Vance Corp. has a 52-week low of $33.20 and a 52-week high of $44.58. The stock has a 50-day moving average of $41.81 and a 200-day moving average of $40.60. The company has a market cap of $4.831 billion and a price-to-earnings ratio of 26.59.
Eaton Vance Corp. (NYSE:EV) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.04. The company had revenue of $356.90 million for the quarter, compared to the consensus estimate of $364.24 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts predict that Eaton Vance Corp. will post $2.52 earnings per share for the current fiscal year.
Eaton Vance Corp. is engaged in managing investment funds and providing investment management and counseling services to high-net-worth individuals and institutions.
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