Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXGFinancial Services · Stock · monthly payer
Forward Yield
8.16%
Annual Dividend
$0.79
Payout Ratio
35%
5-Yr Growth
1.3%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) yields 8.16% ($0.79 per share annually), with a blended fair-value estimate of $16.39 — +70% upside, so it screens as undervalued. Dividend safety grade: C (65/100). 2 years of dividend growth.
Is EXG a good dividend stock?
Yes, with caveatsEaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) pays a monthly dividend yielding 8.16% ($0.79/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (35%)
Risks
- Cut its dividend in 2023
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.16%
- Payout Ratio
- 35%
- Annual Dividend
- $0.79
- 5-Yr Avg Growth
- 1.3%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- —
- Market Cap
- $3.0B
- P/E Ratio
- 4.3
- 5-Yr Total Return
- -9%
- 52-Week Range
- $8.25 – $10.16
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
EXG Price — Last 12 Months
Daily close
Price Return
1 Year
+4%
3 Years
+38%
5 Years
-9%
52-Week Range
$8.25 – $10.16
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EXG worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Eaton Vance Tax-Managed Global Diversified Equity Income Fund is $16.39 per share, versus a market price of $9.62. That implies 70% of upside — a margin of safety of about 41%.
Fair Value
$16.39
Current Price
$9.62
Upside
+70%
Margin of Safety
41%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.3% discount rate (CAPM), 1.3% stage-1 growth, 2.5% terminal growth, $2.23 EPS, $0.79 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EXG 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0660 | regular |
| Aug 14, 2026 | — | $0.0660 | regular |
| Jul 15, 2026 | — | $0.0660 | regular |
| Jun 15, 2026 | — | $0.0660 | regular |
| May 15, 2026 | — | $0.0660 | regular |
| Apr 15, 2026 | — | $0.0660 | regular |
| Mar 16, 2026 | — | $0.0660 | regular |
| Feb 17, 2026 | — | $0.0660 | regular |
| Jan 15, 2026 | — | $0.0660 | regular |
| Dec 15, 2025 | — | $0.0660 | regular |
| Nov 14, 2025 | — | $0.0660 | regular |
| Oct 15, 2025 | — | $0.0660 | regular |
| Sep 15, 2025 | — | $0.0660 | regular |
| Aug 15, 2025 | — | $0.0660 | regular |
Income Calculator
At $0.79 / yr per share
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