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Eaton Vance Corporation stock price
Eaton Vance Corporation latest news:
Eaton Vance boosts dividend by 11%
Asset manager Eaton Vance Corp. said Thursday it will raise its quarterly dividend by 11% to 31 cents a share from 28 cents a share. The new dividend will be payable Nov. 15 to shareholders of record on Oct. 31. The stock was up 0.5% to $50.59 in afternoon trade. At that price, the new annual dividend rate would represent a dividend yield of 2.45%, compared with the implied S&P 500 dividend yield of 1.95%, according to FactSet. Eaton Vance's stock has rallied 21% year to date, while the S&P 500 has gained 14%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.