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Eaton Vance raises quarterly dividend

BOSTON -- Investment manager Eaton Vance Corp. said Thursday that its board of directors approved a 5.3 percent increase to its quarterly dividend.

The company will pay 20 cents per share to shareholders on Nov. 14 to shareholders of record as of Oct. 31. The company's last dividend payment was 19 cents per share.

Eaton Vance shares rose 5 cents to $29.19 in afternoon trading.