This Stock Yields 3% And Is Up 25% Since Early February

This company recently announced a dividend with an ex-date of April 27th and pay date of May 13th. The company has been increasing its dividend for the past 35 years and is poised to do so again in the future. The company can most certainly increase the dividend by double digits in October but it would be prudent to do something less at this point.

Eaton Vance Corp (NYSE:EV) recently announced a quarterly dividend of $0.265 per share with an ex-dividend which was on April 27th, making the must own date April 26 th. The dividend is going to be payable to owners of the shares on May 13th. The dividend is currently good for a 2.99% yield on today's share price of $35.44. Based on trailing earnings, the dividend is good for a payout ratio of 51% which is pretty good for my taste. From a cash flow perspective the company has paid $117 million in dividends over the past twelve months on free cash flow of $361 million which is good for a 32% cash flow payout ratio.

Source: Seeking Alpha

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