SmarterDividends
EXG

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

EXG

Financial Services · Asset Management · Stock · monthly payer

$9.49

Undervalued · +73% Add to Portfolio

Forward Yield

8.31%

Annual Dividend

$0.79

Payout Ratio

35%

5-Yr Growth

1.3%

Ex-Date

Oct 15, 2026

Frequency

Monthly

Key facts about EXG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 14, 2026, Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) has a forward dividend yield of 8.31%, based on an annual dividend of $0.79 per share and a share price of $9.49.
  • As of Oct 14, 2026, EXG's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) has raised its dividend for 2 consecutive years as of Oct 14, 2026.
  • EXG last cut its regular dividend in 2023.
  • EXG'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, EXG pays out 35% of its trailing 12-month earnings as dividends (its payout ratio).
  • EXG's dividend has grown at an average rate of 1.3% a year over the past five years.
  • As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for EXG is $16.43 per share, 73% above the $9.49 share price, so EXG screens as undervalued.
  • Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) pays its dividend monthly, 12 times a year.
Cite this page

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

Summary

As of Oct 14, 2026, Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) yields 8.31% ($0.79 a year per share), has a dividend safety grade of C (65/100) and has 2 consecutive years of dividend increases on record.

Is EXG a good dividend stock?

Yes, with caveats

Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) pays a monthly dividend yielding 8.31% ($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
8.31%
Payout Ratio
35%
Annual Dividend
$0.79
5-Yr Avg Growth
1.3%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
2
Frequency
monthly
Beta
—
Market Cap
$2.9B
P/E Ratio
4.3
5-Yr Total Return
-10%
52-Week Range
$8.25 – $10.16
Dividend Safety
C · 65/100
Ever Cut?
Yes (2023)
EXG ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →EXG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is EXG a good dividend stock?

Yes, with caveats. Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) pays a monthly dividend yielding 8.31% ($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.

Is EXG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, EXG's fair value is about $16.43 versus a $9.49 share price — so it looks undervalued (+73% vs. fair value).

Is EXG's dividend safe?

EXG has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is EXG's fair value?

Our blended fair-value estimate for EXG is about $16.43 per share, roughly 73% above the current $9.49 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is EXG a buy, hold, or sell?

We don't issue formal ratings, but on the data EXG screens as "yes, with caveats" and undervalued. Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) pays a monthly dividend yielding 8.31% ($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. This is research for your own analysis, not investment advice.

Will EXG cut its dividend?

EXG earns a dividend-safety grade of C (65/100), 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 EXG pay a dividend?

Yes. Eaton Vance Tax-Managed Global Diversified Equity Income Fund pays a monthly dividend of about $0.79 per share annually, a forward yield of roughly 8.31%.

What is EXG's dividend yield?

As of Oct 14, 2026, EXG's forward dividend yield is 8.31%, based on a $0.79 annual dividend and a $9.49 share price.

What is EXG's dividend per share?

As of Oct 14, 2026, EXG pays $0.79 per share per year, distributed on a monthly basis.

What is EXG's dividend payout ratio?

As of Oct 14, 2026, EXG's payout ratio is 35% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has EXG grown its dividend?

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

When is the next EXG ex-dividend date?

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

Income Calculator

At $0.79 / yr per share

Per payment (monthly)$6.60
Annual$79.20
Monthly avg$6.60

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