Eaton Vance Short Duration Diversified Income Fund
EVGFinancial Services · Stock · monthly payer
Forward Yield
8.74%
Annual Dividend
$0.88
Payout Ratio
86%
5-Yr Growth
-0.2%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Eaton Vance Short Duration Diversified Income Fund (EVG) yields 8.74% ($0.88 per share annually), with a blended fair-value estimate of $13.93 — +36% upside, so it screens as undervalued. Dividend safety grade: C (51/100).
Is EVG a good dividend stock?
MixedEaton Vance Short Duration Diversified Income Fund (EVG) pays a monthly dividend yielding 8.74% ($0.88/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (86%)
- 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
- 8.74%
- Payout Ratio
- 86%
- Annual Dividend
- $0.88
- 5-Yr Avg Growth
- -0.2%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.43
- Market Cap
- $132.8M
- P/E Ratio
- 9.5
- 5-Yr Total Return
- -24%
- 52-Week Range
- $10.19 – $11.37
- Dividend Safety
- C · 51/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
EVG Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+3%
5 Years
-24%
52-Week Range
$10.19 – $11.37
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EVG worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Eaton Vance Short Duration Diversified Income Fund is $13.93 per share, versus a market price of $10.24. That implies 36% of upside — a margin of safety of about 27%.
Fair Value
$13.93
Current Price
$10.24
Upside
+36%
Margin of Safety
27%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -0.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), -0.3% stage-1 growth, 2.5% terminal growth, $1.04 EPS, $0.88 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EVG Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full EVG dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0730 | regular |
| Aug 14, 2026 | — | $0.0730 | regular |
| Jul 15, 2026 | — | $0.0740 | regular |
| Jun 15, 2026 | — | $0.0740 | regular |
| May 15, 2026 | — | $0.0740 | regular |
| Apr 15, 2026 | — | $0.0730 | regular |
| Mar 16, 2026 | — | $0.0750 | regular |
| Feb 17, 2026 | — | $0.0750 | regular |
| Jan 15, 2026 | — | $0.0750 | regular |
| Dec 15, 2025 | — | $0.0750 | regular |
| Nov 14, 2025 | — | $0.0750 | regular |
| Oct 15, 2025 | — | $0.0750 | regular |
| Sep 15, 2025 | — | $0.0750 | regular |
| Aug 15, 2025 | — | $0.0740 | regular |
Income Calculator
At $0.88 / yr per share
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