Eaton Vance (EV) will raise its quarterly dividend by 7.1 percent to $0.375 per share in 2019. This marks the 39th consecutive year of annual dividend increases by the company.

The next dividend is payable November 15, 2019 to shareholders of record on October 31, 2019. The new annual rate of $1.50 per share yields 3.4% at a stock price of $43.77.

Eaton Vance Corp., whose history dates back to 1924, manages investment funds and provides investment management and advisory services to high-net-worth individuals and institutions globally. The company operates offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates manages assets for individuals and institutions through investment strategies and wealth management solutions. Eaton Vance affiliates include EVM, Parametric, Atlanta Capital, Hexavest and Calvert.