Sunday, September 24, 2023

Unraveling The Dividend Profile Of Eaton Vance Taxmangd Glo Buywrite Oppo (ETW)

Unraveling The Dividend Profile Of Eaton Vance Taxmangd Glo Buywrite Oppo (ETW)

Eaton Vance Tax-mangd Glo Buy-write Oppo (NYSE: ETW ) recently announced a dividend of $0.06 per share payable on 09/29/2023 with an ex-dividend date of 09/21/2023 : As investors looking forward to the next payout, it's important to check the company's dividend history, yield and growth rate. In this article, we look at Oppo's dividend performance against Eaton Vance Tax-mangd Glo Buy-write and assess its sustainability using data from GuruFocus.

About Eaton Vance Tax Glo Buy-Write Oppo

Eaton Vance Tax-mangd Glo Buy-write Oppo is a closed-end diversified investment company based in the United States. The primary objective of a business is to generate current income and profit, while the secondary objective is to achieve capital appreciation. The Company invests in a diversified portfolio of common stocks and issues call options on a majority of the value of the portfolio of common stocks on one or more U.S. indices in order to generate ongoing "options premium" income. Her portfolio spans a wide range of industries, including capital markets, chemicals, banking, biotechnology and media.

Eaton Vance Tax-mangd Glo Buy-Write Review Oppo Dividend History

Since 2005, Eaton Vance Tax-Mangd Glo Buy-Write Oppo has a history of continuous dividend payments, currently paying monthly dividends. The chart below shows annual dividends per share to track historical trends.

Understanding Yield and Dividend Growth Eaton Vance Tax-mangd Glo Buy-write Oppo

Eaton Vance Tax-mangd Glo Buy-write Oppo currently has a current 12-month dividend yield of 9.25% and a forecast 12-month dividend yield of 8.88%, indicating a decrease in expected dividend payouts over the next 12 months. : Over the last three years, the company's annualized dividend growth rate was -1.10% and further decreased to -5.60% per year if extended to five years. With these numbers in mind, Eaton Vance Tax-Mangd Glo Buy-Write Oppo's 5-year price return for today is around 6.93%.

Assess dividend sustainability. Payout rate and profitability

To assess dividend sustainability, it is necessary to check the company's payout ratio. The dividend payout ratio shows what percentage of earnings a company pays out as dividends. A lower ratio indicates that the company retains most of its earnings, providing funds for future growth and unexpected downturns. As of June 30, 2023, Eaton Vance Tax-mangd Glo Buy-write Oppo's dividend payout ratio was 0.70, indicating potential concern about the company's dividend sustainability.

Eaton Vance Tax-mangd Glo Buy-write Oppo's profitability rating of 3 out of 10 as of June 30, 2023 raises further questions about dividend sustainability. The company has made a net profit in 4 of the last 10 years.

A study of growth rates. Future prospects

For dividends to be sustainable, a company must have a steady growth rate. Eaton Vance Tax-mangd Glo Buy-write A growth rating of 3 out of 10 for Oppo indicates that the company has weak growth prospects, which could further weigh on the sustainability of its dividend.

Diploma

In summary, while Oppo's track record of consistent dividend payouts is commendable, its declining dividend growth rate, high payout ratio and low yield growth and ratings point to potential concerns regarding dividend sustainability. Therefore, investors should be cautious and do thorough research before making any investment decision. GuruFocus Premium users can search for stocks with high dividend yields using the High Dividend Yield Screener.

This article was first published on GuruFocus.

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