Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Raises Dividend to $0.11 Per Share

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) declared a monthly dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be given a dividend of $0.1094 per share by the investment management company on Monday, November 30th. This represents a $1.31 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Monday, November 16th. This is a 10.3% increase from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.0992.

Eaton Vance Tax-Managed Diversified Equity Income Fund Trading Up 0.3%

ETY stock traded up $0.04 during midday trading on Tuesday, reaching $13.68. 205,596 shares of the company’s stock traded hands, compared to its average volume of 274,331. The company has a 50-day moving average price of $14.12 and a two-hundred day moving average price of $14.47. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52 week low of $13.12 and a 52 week high of $15.87.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY) is a closed-end investment fund managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley. The fund seeks to provide current income and long-term capital appreciation while managing the tax characteristics of its distributions.

ETY invests in a diversified portfolio of equity securities, including dividend-paying common stocks issued by companies in the United States and other countries. Its portfolio may include businesses across multiple industries and geographic regions, giving shareholders exposure to global equity markets through a single investment vehicle.

To support its income-oriented strategy, the fund may use options, including covered-call transactions, alongside its equity investments.