Eaton Vance Corp. Declares Special Dividend

Rhea-AI Summary

Eaton Vance Corp. (NYSE: EV) declared a special dividend of $4.25 per share, payable on December 18, 2020, to shareholders recorded by December 4, 2020. This announcement follows the acquisition agreement by Morgan Stanley disclosed on October 8, 2020. As of September 30, 2020, Eaton Vance reported consolidated assets under management totaling $517.0 billion. The company is known for its diverse investment strategies, serving clients globally since 1924.

Positive

• Declaration of a special dividend of $4.25 per share enhances shareholder value.
• Strong consolidated assets under management of $517.0 billion indicate financial stability.
• Presence of advanced investment strategies attracts diverse clientele.

Negative

• None.

BOSTON, Nov. 23, 2020 /PRNewswire/ -- As provided for under the definitive agreement for Morgan Stanley to acquire Eaton Vance Corp. (NYSE: EV) announced on October 8, 2020, the Board of Directors of Eaton Vance today declared a special dividend of $4.25 per share on its common stock. The dividend is payable December 18, 2020, to shareholders of record on December 4, 2020.

Eaton Vance provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. Through principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital, Calvert and Hexavest, the Company offers a diversity of investment approaches, encompassing bottom-up and top-down fundamental active management, responsible investing, systematic investing and customized implementation of client-specified portfolio exposures. As of September 30, 2020, Eaton Vance had consolidated assets under management of $517.0 billion. Exemplary service, timely innovation and attractive returns across market cycles have been hallmarks of Eaton Vance since 1924. For more information about Eaton Vance, visit eatonvance.com.

View original content:http://www.prnewswire.com/news-releases/eaton-vance-corp-declares-special-dividend-301179250.html

SOURCE Eaton Vance Corp.

FAQ

What is the dividend amount declared by Eaton Vance?

Eaton Vance declared a special dividend of $4.25 per share.

When is the special dividend payable?

The special dividend is payable on December 18, 2020.

What date must I own shares of Eaton Vance to receive the dividend?

You must own shares by December 4, 2020, to receive the dividend.

What are the key financials of Eaton Vance as of September 30, 2020?

As of September 30, 2020, Eaton Vance had consolidated assets under management of $517.0 billion.