Eaton Vance Municipal Bond Fund (EIM) Declares Monthly Dividend of $0.05

Paterniano Del Favero
Agosto 13, 2017

Shares of Eaton Vance Municipal Bond Fund (NYSE EIM) traded down 0.08% during trading on Friday, hitting $12.91. Old Mutual Global Investors UK Ltd. now owns 347,511 shares of the asset manager's stock worth $16,444,000 after buying an additional 222,268 shares during the period.

Several institutional investors have recently added to or reduced their stakes in EV. Teachers Advisors LLC raised its position in Eaton Vance Corporation by 1.9% in the fourth quarter. 634,780 shares of the company were exchanged. CENTRAL TRUST Co now owns 3,293 shares of the asset manager's stock worth $148,000 after buying an additional 3,242 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Eaton Vance Corporation by 34.3% in the second quarter. Dimensional Fund Advisors LP now owns 917,531 shares of the asset manager's stock valued at $38,427,000 after buying an additional 29,592 shares during the last quarter. Bank of Montreal Can raised its position in Eaton Vance Corporation by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 3,308,194 shares of the asset manager's stock worth $156,544,000 after buying an additional 844,813 shares during the period. Finally, Two Sigma Investments LP bought a new stake in Eaton Vance Corporation during the fourth quarter valued at approximately $1,017,000. Schroder Investment Management Group boosted its position in Eaton Vance Corporation by 63.7% in the first quarter. The firm has a market capitalization of $5.24 billion, a P/E ratio of 20.75 and a beta of 1.84. The company has a 50 day moving average of $9.26 and a 200-day moving average of $8.89. Eaton Vance Municipal Bond Fund has a 52 week low of $12.00 and a 52 week high of $14.15. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The company had revenue of $374.60 million during the quarter, compared to analyst estimates of $373.28 million. Eaton Vance Corporation had a net margin of 18.39% and a return on equity of 36.63%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 earnings per share. The ex-dividend date of this dividend is Wednesday, August 9th. Investors of record on Thursday, August 24th will be given a dividend of 0.084 per share by the investment management company on Thursday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Thursday, July 27th. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of U.S. and global trademark and copyright laws.

Other analysts have also recently issued research reports about the stock. Jefferies Group LLC restated a "hold" rating and issued a $45.00 price objective on shares of Eaton Vance Corporation in a research note on Wednesday, June 28th. Finally, BidaskClub cut shares of Eaton Vance Corporation from a hold rating to a sell rating in a research report on Friday, July 28th. Zacks Investment Research lowered Eaton Vance Corporation from a "buy" rating to a "hold" rating in a research note on Tuesday. Capital One National Association increased its position in shares of Eaton Vance Corporation by 10.4% in the second quarter. Credit Suisse Group upped their price objective on Eaton Vance Corporation from $46.00 to $50.00 and gave the stock a "neutral" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. Eaton Vance Corporation's dividend payout ratio (DPR) is now 49.34%. The shares were sold at an average price of $48.03, for a total transaction of $1,051,136.55. Following the completion of the sale, the director now owns 15,420 shares in the company, valued at approximately $740,622.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dorothy E. Puhy sold 2,563 shares of the firm's stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $48.46, for a total transaction of $124,202.98. The disclosure for this sale can be found here. Insiders have sold a total of 127,943 shares of company stock valued at $6,149,649 in the last quarter.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Company operates as an investment advisor to funds and separate accounts. The Fund's investment objective is to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state.

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