Eaton Vance Tax-Advantaged Global Dividend Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management.
Share Price & News
How has Eaton Vance Tax-Advantaged Global Dividend Income Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ETG has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: ETG matched the US Capital Markets industry which returned 4.9% over the past year.
Return vs Market: ETG underperformed the US Market which returned 5.2% over the past year.
Price Volatility Vs. Market
How volatile is Eaton Vance Tax-Advantaged Global Dividend Income Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Eaton Vance Tax-Advantaged Global Dividend Income Fund undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ETG ($16.28) is trading below our estimate of fair value ($21.27)
Significantly Below Fair Value: ETG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ETG is good value based on its PE Ratio (8.2x) compared to the Capital Markets industry average (30.2x).
PE vs Market: ETG is good value based on its PE Ratio (8.2x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ETG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ETG is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.2x).
How is Eaton Vance Tax-Advantaged Global Dividend Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eaton Vance Tax-Advantaged Global Dividend Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Eaton Vance Tax-Advantaged Global Dividend Income Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ETG has a large one-off gain of $62.6M impacting its October 31 2019 financial results.
Growing Profit Margin: ETG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ETG's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: ETG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ETG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.5%).
Return on Equity
High ROE: ETG's Return on Equity (11.4%) is considered low.
Return on Assets
Return on Capital Employed
How is Eaton Vance Tax-Advantaged Global Dividend Income Fund's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: ETG has a low level of unsold assets or inventory.
Debt Coverage by Assets: ETG's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: ETG's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ETG has a sufficient allowance for bad loans.
Low Risk Liabilities: ETG reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ETG has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ETG has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ETG has an appropriate level of bad loans.
What is Eaton Vance Tax-Advantaged Global Dividend Income Fund's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ETG's dividend (7.56%) is higher than the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: ETG's dividend (7.56%) is in the top 25% of dividend payers in the US market (4.09%)
Stability and Growth of Payments
Stable Dividend: ETG's dividends per share have been stable in the past 10 years.
Growing Dividend: ETG's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.8%), ETG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Eaton Vance Tax-Advantaged Global Dividend Income Fund has no CEO, or we have no data on them.
Experienced Board: ETG's board of directors are seasoned and experienced ( 10.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Eaton Vance Tax-Advantaged Global Dividend Income Fund's company bio, employee growth, exchange listings and data sources
- Name: Eaton Vance Tax-Advantaged Global Dividend Income Fund
- Ticker: ETG
- Exchange: NYSE
- Founded: 2003
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$1.296b
- Shares outstanding: 76.30m
- Website: https://funds.eatonvance.com/Tax-Advantaged-Global-Dividend-Income-Fund-ETG.php
- Eaton Vance Tax-Advantaged Global Dividend Income Fund
- Two International Place
- Suite 1400
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ETG||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jan 2004|
Eaton Vance Tax-Advantaged Global Dividend Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying value stocks of companies. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index. Eaton Vance Tax-Advantaged Global Dividend Income Fund was formed on November 14, 2003 and is domiciled in the United States.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 00:35|
|End of Day Share Price||2020/02/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.