Eaton Vance Corp. (NYSE: EV) announced a new share repurchase authorization of up to 8 million shares. In addition, the company declared a quarterly dividend of $0.12 per share on its common stock.
Eaton Vance Corp. is a Boston-based investment management firm.
PAYOUT YIELD ANALYSIS
With 126 million shares outstanding, the 8 million share repurchase will return $2.98 per share. The repurchase combined with the annualized dividend of $0.48 will result in a Total Payout of $3.46. At a share price of $47, the Total Payout Yield will be 7.4% if completed over the next 4 quarters.
- Payout Yield Staff