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ETW

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) Dividend

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund · Financial Services · Asset Management · monthly payer

$9.24

Undervalued · +56% Add to Portfolio

As of Nov 8, 2026, Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) pays a monthly dividend, or $0.90 a year, a 9.71% yield at its $9.24 share price. The next ex-dividend date is Nov 16, 2026, paid Nov 30, 2026. It has raised its dividend 2 years in a row and has a dividend safety grade of B.

Forward Yield

9.71%

Annual Dividend

$0.90

Payout Ratio

39%

5-Yr Growth

-2.0%

Ex-Date

Nov 16, 2026

Frequency

Monthly

Key facts about ETW's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has a forward dividend yield of 9.71%, based on an annual dividend of $0.90 per share and a share price of $9.24.
  • As of Nov 8, 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 Nov 8, 2026.
  • ETW last cut its regular dividend in 2023.
  • ETW's next ex-dividend date is Nov 16, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 8, 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 Nov 8, 2026, SmarterDividends' blended fair-value estimate for ETW is $14.40 per share, 56% above the $9.24 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.
  • Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has raised its regular dividend 1 time and cut it 7 times across the 195 payments on record since 2005. Its most recent change was a 13.8% increase to $0.0660 per share, going ex-dividend on Apr 22, 2024. The last cut went ex-dividend on Nov 22, 2022.
Cite this page

SmarterDividends, "ETW Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/ETW

Is ETW a good dividend stock?

Yes, with caveats

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) pays a monthly dividend yielding 9.71% ($0.90/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
9.71%
Payout Ratio
39%
Annual Dividend
$0.90
5-Yr Avg Growth
-2.0%
Ex-Dividend Date
Nov 16, 2026
Years of Growth
2
Frequency
monthly
Beta
0.87
Market Cap
$1.0B
P/E Ratio
4.5
5-Yr Total Return
-14%
52-Week Range
$8.46 – $9.95
Dividend Safety
B · 66/100
Ever Cut?
Yes (2023)

ETW dividend raises and cuts

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) has raised its regular dividend 1 time and cut it 7 times across the 195 payments on record since 2005. Its most recent change was a 13.8% increase to $0.0660 per share, going ex-dividend on Apr 22, 2024. The last cut went ex-dividend on Nov 22, 2022.

Ex-dateChangeOld → newMove
Apr 22, 2024Raise$0.0580 → $0.0660+13.8%
Nov 22, 2022Cut$0.0730 → $0.0580−20.5%
Jan 23, 2019Cut$0.0910 → $0.0730−19.8%
Mar 22, 2017Cut$0.0970 → $0.0910−6.2%
Jan 22, 2013Cut$0.292 → $0.0970−66.8%
Mar 21, 2012Cut$0.302 → $0.292−3.3%
Dec 21, 2010Cut$0.390 → $0.302−22.6%
Mar 22, 2010Cut$0.450 → $0.390−13.3%
Every ETW payment →Download every raise and cut (CSV)
ETW ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →ETW dividend historyEvery payment, totals by year, raises and cutsView →ETW dividend calculator100 shares pay $90.00 a year, $7.50 each monthCalculate →ETW total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

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 9.71% ($0.90/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 $14.40 versus a $9.24 share price — so it looks undervalued (+56% 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 $14.40 per share, roughly 56% above the current $9.24 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 9.71% ($0.90/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 $0.90 per share annually, a forward yield of roughly 9.71%.

How much dividend does 100 shares of ETW pay?

At $0.90 per share a year, 100 shares of ETW pay $90.00 a year in dividends before tax, about $7.50 each month. Buying them costs about $924 at the Nov 8, 2026 price.

What is ETW's dividend yield?

As of Nov 8, 2026, ETW's forward dividend yield is 9.71%, based on a $0.90 annual dividend and a $9.24 share price.

What is ETW's dividend per share?

As of Nov 8, 2026, ETW pays $0.90 per share per year, distributed on a monthly basis.

What is ETW's dividend payout ratio?

As of Nov 8, 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 Nov 8, 2026, ETW has increased its dividend for 2 consecutive years.

When is the next ETW ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for ETW is Nov 16, 2026.

Income Calculator

At $0.90 / yr per share

Per payment (monthly)$7.50
Annual$90.00
Monthly avg$7.50
Full ETW dividend calculator →

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