Eaton Vance downgraded to Sell from Neutral at Citigroup Citigroup downgraded Eaton Vance (EV) to Sell citing worsening fund flows and lowered its price target for shares to $37 from $40. Citi recommends a pair trade of long Invesco (IVZ), short Eaton Vance.
Eaton Vance increases quarterly dividend 14% to 25c The board of Eaton Vance Corp. declared a quarterly dividend of 25c per share on its common stock. The new quarterly rate represents an increase of 14% over the 22c per share declared in the Q3. The dividend is payable November 12 to shareholders of record on October 31.