Eaton Vance Enhanced Equity Income Fund Declares Monthly Dividend of $0.13 (NYSE:EOI)

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.1338 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, May 15th.

Eaton Vance Enhanced Equity Income Fund Price Performance

Shares of EOI traded up $0.08 during trading hours on Wednesday, hitting $19.93. The company had a trading volume of 5,261 shares, compared to its average volume of 87,131. The firm has a fifty day moving average price of $19.59 and a 200-day moving average price of $20.07. Eaton Vance Enhanced Equity Income Fund has a 52-week low of $18.03 and a 52-week high of $21.58.

About Eaton Vance Enhanced Equity Income Fund

The Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of long-term capital appreciation. The fund invests primarily in dividend-paying common stocks of U.S. companies and may also hold preferred stocks and other equity securities. To enhance income potential, the fund employs a covered-call strategy by selling call options on a portion of its equity portfolio.

Under normal market conditions, the fund’s portfolio managers select large- and mid-capitalization equities with the potential for dividend growth and price appreciation.