Eaton Vance Taxmangd Glo Buywrite Oppo's Dividend Analysis
Eaton Vance Tax-mangd Glo Buy-write Oppo (NYSE: ETW ) recently announced a dividend of $0.06 per share payable on January 31, 2024 with an ex-dividend date of January 22, 2024. This is what they have been waiting for. For investors looking forward to the next payout, they focus on the company's earnings history, profitability and growth rate. Let's examine Eaton Vance Tax-mangd Glo Buy-write Oppos'part performance and evaluate its sustainability using GuruFocus data.
Eaton Vance Tax-mangd Glo Buy-write What is Oppo?
Eaton Vance Tax-mangd Glo Buy-write Oppo is a diversified closed-end investment firm based in the United States. The main investment objective is to generate current income and profit. The objective of both funds is capital growth. The Fund invests in a diversified portfolio of common stocks and issues call options on one or more U.S. indices for a significant portion of the value of the common stock portfolio to earn continued income from option premiums. Its investment portfolio includes capital markets, chemical industry, banking, biotechnology, media and other sectors.
Check out Eaton Vance's Tax-mangd Glo Buy-Write Oppo profit story
Eaton Vance Tax-mangd Glo Buy-write Oppo has maintained stable dividend payments since 2005. Currently, dividends are paid monthly. Below is a chart of annual dividends per stock to track historical trends.
Details of Oppo's profit margin and growth on Eaton Vance Tax-Mangd Glo Buy-Srite
Currently managed by Eaton Vance Tax, Glo Buy Right Oppo has a trailing 12 month dividend yield of 8.92% and a trailing 12 month dividend yield of 8.92%. This indicates that similar dividend payments are expected over the next 12 months.
Over the past three years, Eaton Vans Tax-Manage Glo Buy-Write Oppo's annual dividend growth was -1.10 percent. In five years, this rate will decrease to -5.60% per year. Based on Eaton Vance Tax-mangd Glo Buy-write Oppo's dividend yield and five-year growth rate, Eaton Vance Tax-mangd Glo Buy-write Oppo's five-year stock price return is currently around 6.69%.
Sustainable Development Questions: Distribution Quotas and Profitability
A company's payout ratio should be evaluated to assess dividend sustainability. The dividend payout ratio provides information on the amount of dividends a company pays out as dividends. A low ratio shows that the company has retained most of its profits, ensuring that there are funds for future growth and unexpected declines. Eaton Vance Tax-mangd Glo Buy-write Oppo Dividend in 2018 As of June 30, 2023, it was 0.70, which may indicate that the company's dividend is unlikely to be sustainable.
Eaton Vance Tax-mangd Glo Buy-write Oppo Profitability levels provide insight into the company's earnings potential compared to its competitors. GuruFocus Rating for Eaton Vance Tax-mangd Glo Write a Buy-Oppo Scores of 10 at 2 as of June 30, 2023, indicating that the dividend is subject to change. The company has made a net profit in 4 of the last 10 years.
Development Indicators: The Future
To ensure the stability of the dividend, a company must have reliable growth numbers. Eaton Vance Tax-mangd Glo Buy-write for Oppo A growth rating of 2 out of 10 indicates that the company has poor growth prospects and thus the dividend may be unsustainable.
The next step
Investors in the GloTax-managed buyout company should weigh its high dividend yield against the risks of a negative dividend growth rate, low profitability and weak growth prospects. While the current yield is attractive, the sustainability of Eaton Vans Tax-Management Glo Buy-Write Oppo's dividend may be questionable given the company's financial performance. Value investors should consider these factors when making investment decisions and monitoring strategic initiatives that may affect a company's future earnings reports and dividend reliability. GuruFocus Premium users can search for high dividend stocks through the High Dividend Yield filter.
This article by GuruFocus is intended for general information purposes and does not provide specific financial advice. Our opinion is based on historical data and analyst estimates, uses an unbiased methodology and does not constitute specific investment guidance. It is not a recommendation to buy or sell shares and does not take into account the investment objectives or financial situation of any individual. Our goal is to provide long-term, data-driven fundamental analysis. Please note that our analysis may not include recent company announcements or price quality information. GuruFocus has no position in the stocks mentioned here.
This article was first published on GuruFocus.
