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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.1338 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Tuesday, September 15th.

Eaton Vance Enhanced Equity Income Fund Stock Down 0.4%

NYSE:EOI opened at $19.86 on Wednesday. Eaton Vance Enhanced Equity Income Fund has a 1 year low of $18.03 and a 1 year high of $21.58. The stock has a 50-day simple moving average of $19.86 and a 200-day simple moving average of $19.76.

Insider Buying and Selling at Eaton Vance Enhanced Equity Income Fund

In other Eaton Vance Enhanced Equity Income Fund news, Portfolio Manager Charles Gaffney bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was acquired at an average price of $20.11 per share, with a total value of $502,750.00. Following the completion of the purchase, the portfolio manager directly owned 25,000 shares of the company’s stock, valued at approximately $502,750. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the 1st quarter valued at about $28,000. Kestra Advisory Services LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund in the fourth quarter valued at approximately $67,000. JPMorgan Chase & Co. grew its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 15.7% during the third quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock worth $93,000 after buying an additional 600 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the first quarter valued at about $114,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Eaton Vance Enhanced Equity Income Fund by 127.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,772 shares of the company’s stock valued at $121,000 after acquiring an additional 3,236 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Company Profile

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.