MIW'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -9.4 Med: -5.9 Max: -3.6
Current: -9.4
During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of Eaton Vance Michigan Municipal Bond Fund was -3.60% per year. The lowest was -9.40% per year. And the median was -5.90% per year.
MIW's 3-Year Dividend Growth Rate is not ranked
in the Asset Management industry.
Industry Median: 1.7
vs MIW: -9.40
During the past 12 months, Eaton Vance Michigan Municipal Bond Fund's average Dividends Per Share Growth Rate was -16.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -9.40% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was -8.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Eaton Vance Michigan Municipal Bond Fund is 9.39, which seems too high.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison of Eaton Vance Michigan Municipal Bond Fund's 3-Year Dividend Growth Rate
For the Asset Management subindustry, Eaton Vance Michigan Municipal Bond Fund's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Eaton Vance Michigan Municipal Bond Fund's 3-Year Dividend Growth Rate Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Eaton Vance Michigan Municipal Bond Fund's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Eaton Vance Michigan Municipal Bond Fund's 3-Year Dividend Growth Rate falls into.
Eaton Vance Michigan Municipal Bond Fund 3-Year Dividend Growth Rate Calculation
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
Eaton Vance Michigan Municipal Bond Fund (AMEX:MIW) 3-Year Dividend Growth Rate Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Eaton Vance Michigan Municipal Bond Fund's Dividend Payout Ratio for the quarter that ended in Sep. 2018 is calculated as
During the past 9 years, the highest Dividend Payout Ratio of Eaton Vance Michigan Municipal Bond Fund was 11.00. The lowest was 0.00. And the median was 0.92.
Warning Sign:
If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Eaton Vance Michigan Municipal Bond Fund is 9.39, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
During the past 9 years, the highest Dividend Yield of Eaton Vance Michigan Municipal Bond Fund was 7.96%. The lowest was 3.90%. And the median was 5.76%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Eaton Vance Michigan Municipal Bond Fund 3-Year Dividend Growth Rate Related Terms>
Eaton Vance Michigan Municipal Bond Fund (Eaton Vance Michigan Municipal Bond Fund) Business Description
Eaton Vance Michigan Municipal Bond Fund is a non-diversified, closed-end management investment company. The fund's investment objective is to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state-specific funds, taxes in its specified state. The company invests in various sectors, including education, electric utilities, insured-education, general obligations, insured-electric utilities, insured-general obligations, hospital, insured-bond bank, insured escrowed/pre-refunded, and water and sewer industries.
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