Eaton Vance : Declares Quarterly Dividend and Authorizes the Repurchase of up to 8 Million Shares

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Daniel C. Cataldo 617.672.8952

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FOR IMMEDIATE RELEASE

EATON VANCE DECLARES QUARTERLY DIVIDEND AND AUTHORIZES THE REPURCHASE OF UP TO 8 MILLION SHARES Boston, MA, January 11, 2017 - The Board of Directors of Eaton Vance Corp. (NYSE: EV) today declared a quarterly dividend of $0.28 per share on its common stock. The dividend is payable February 15, 2017 to shareholders of record on January 31, 2017.

The Board of Directors of Eaton Vance Corp. also authorized the repurchase of up to 8.0 million shares of the Company's non-voting common stock. Today's authorization replaces the January 13, 2016 authorization under which the Company repurchased approximately 6.0 million shares.

Eaton Vance is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $336.4 billion in assets as of October 31, 2016, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit eatonvance.com

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