A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the the second of five financial services sector stocks poised to join my Volio folio this week. One could be my forty-sixth pick for Volio.

That financial services sector includes 20 industries ranging from Asset Management, to eight kinds of Banks, Credit, Exchanges, six kinds of Insurance, Savings, and all such financial concerns.

My subject today is a mid cap asset manager and advisor named Eaton Vance Corp. Its trading ticker is EV. This is my first report on Eaton Vance Corp for this Volio portfolio.

Eaton Vance provides asset-management and investment advisory services to institutional and individual investors. The firm specializes in tax-managed equity and fixed-income investments and is the third-largest issuer of closed-end funds. Eaton Vance Corp. was incorporated on January 29, 1981 and is headquartered in Boston, Massachusetts.

The company had $437 billion in assets under management at the end of March, composed of equity (26% of AUM), fixed-income (14%), floating-rate bank loan (6%), alternative asset (2%), and money market funds, as well as assets managed under its implementation services (33%) and exposure management (19%) platforms.

I use three key data points to gauge dividend equities or funds like Eaton Vance Corp (EV):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money.

EV Price

Eaton's price per share closed at $36.44 yesterday.A year ago their price was $44.07. Price fell $7.63 or just over 17.3% last year.

Assuming Eaton's stock trades in the range of $20 to $40 this next year, its recent $36.55 price might rise by $1.56 to reach $38.00 by July 15, 2021.

EV Dividends

Eaton's most recent declared quarterly dividend was $0.375, paid May 15th. That $0.375 Q dividend equates to $1.50 annually for a yield of 4.12% at yesterday's $36.44 share price.

EV Gains?

Adding the $1.50 annual estimated dividend to my $1.56 optimistic estimate of Eaton Vance price upside shows a $3.06 potential gross gain, per share, to be reduced by any costs to trade the shares.

If we put little under $1,000.00 today in Eaton Vance Corp we would buy 27 shares of EV stock.

A $10 broker fee paid half at purchase and half at sale could cost us about $0.37 per share.

Subtract that $0.37 brokerage cost from my estimated $3.06 gross gain per share results in a net gain of $2.69 X 27 shares = $72.63 for a 7.26% net gain on a $983.88 Investment.

Thus, EV shows a possible 7.26% net gain including a 4.12% dividend yield. It could be more, it could be less.

The above speculation is based on past performance and supposition. Only time and money invested will tell if Eaton Vance Corp (EV) is worth it.