SmarterDividends
ETW

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

ETW

Financial Services · Asset Management · Stock · monthly payer

$9.64

Undervalued · +43% Add to Portfolio

Forward Yield

8.27%

Annual Dividend

$0.80

Payout Ratio

39%

5-Yr Growth

-2.0%

Ex-Date

Oct 15, 2026

Frequency

Monthly

Key facts about ETW's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 14, 2026, Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a forward dividend yield of 8.27%, based on an annual dividend of $0.80 per share and a share price of $9.64.
  • As of Oct 14, 2026, ETW's dividend safety grade from SmarterDividends is B (66 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has raised its dividend for 2 consecutive years as of Oct 14, 2026.
  • ETW last cut its regular dividend in 2023.
  • ETW's next ex-dividend date is Oct 15, 2026, with payment on Oct 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 14, 2026, ETW pays out 39% of its trailing 12-month earnings as dividends (its payout ratio).
  • ETW's dividend has shrunk at an average rate of 2.0% a year over the past five years.
  • As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for ETW is $13.77 per share, 43% above the $9.64 share price, so ETW screens as undervalued.
  • Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "ETW Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 14, 2026, https://smarterdividends.com/stocks/ETW

Summary

As of Oct 14, 2026, Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) yields 8.27% ($0.80 a year per share), has a dividend safety grade of B (66/100) and has 2 consecutive years of dividend increases on record.

Is ETW a good dividend stock?

Yes, with caveats

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) pays a monthly dividend yielding 8.27% ($0.80/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (39%)

Risks

  • Cut its dividend in 2023
  • Dividend has been shrinking, not growing
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
8.27%
Payout Ratio
39%
Annual Dividend
$0.80
5-Yr Avg Growth
-2.0%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
2
Frequency
monthly
Beta
0.86
Market Cap
$1.0B
P/E Ratio
4.7
5-Yr Total Return
-13%
52-Week Range
$8.46 – $9.95
Dividend Safety
B · 66/100
Ever Cut?
Yes (2023)
ETW ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →ETW dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is ETW a good dividend stock?

Yes, with caveats. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) pays a monthly dividend yielding 8.27% ($0.80/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is ETW undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ETW's fair value is about $13.77 versus a $9.64 share price — so it looks undervalued (+43% vs. fair value).

Is ETW's dividend safe?

ETW has a dividend-safety grade of B (66/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is ETW's fair value?

Our blended fair-value estimate for ETW is about $13.77 per share, roughly 43% above the current $9.64 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is ETW a buy, hold, or sell?

We don't issue formal ratings, but on the data ETW screens as "yes, with caveats" and undervalued. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) pays a monthly dividend yielding 8.27% ($0.80/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will ETW cut its dividend?

ETW earns a dividend-safety grade of B (66/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does ETW pay a dividend?

Yes. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund pays a monthly dividend of about $0.80 per share annually, a forward yield of roughly 8.27%.

What is ETW's dividend yield?

As of Oct 14, 2026, ETW's forward dividend yield is 8.27%, based on a $0.80 annual dividend and a $9.64 share price.

What is ETW's dividend per share?

As of Oct 14, 2026, ETW pays $0.80 per share per year, distributed on a monthly basis.

What is ETW's dividend payout ratio?

As of Oct 14, 2026, ETW's payout ratio is 39% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has ETW grown its dividend?

As of Oct 14, 2026, ETW has increased its dividend for 2 consecutive years.

When is the next ETW ex-dividend date?

As of Oct 14, 2026, the next ex-dividend date on record for ETW is Oct 15, 2026.

Income Calculator

At $0.80 / yr per share

Per payment (monthly)$6.64
Annual$79.70
Monthly avg$6.64

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