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Wednesday, April 3, 2024

ETO Dividend Increase

Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO) increased its monthly distribution by 26.13%, from 13.74¢ per share to 17.33¢ per share.

As a result, DivGro's projected annual dividend income [PADI] will increase by $646.20, and ETO's contribution to DivGro's PADI will increase to $3119.40 annually. 

The distribution is payable on 30 April to shareholders of record on 23 April. The ex-dividend date is 22 April.

I own 1,500 shares of ETO at an average cost basis of $22.30 per share. Following this increase, my yield on cost is 9.33%. ETO's forward yield is 8.45% at $24.61 per share. 

5-Year History of Distributions by Ex-Date
201920202021202220232024
$2.1600$1.8600$1.8935$2.0668$1.6488$1.7986
0.00%-13.89%1.80%9.15%-20.22%9.09%
5-year DGR:-5.26%-3.60%
projected, assuming no further changes

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