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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) announced a monthly dividend on Monday, March 2nd. Investors of record on Monday, March 16th will be given a dividend of 0.1338 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Monday, March 16th.

Eaton Vance Enhanced Equity Income Fund Stock Performance

EOI traded up $0.08 during trading on Wednesday, hitting $20.32. The stock had a trading volume of 11,236 shares, compared to its average volume of 78,547. The company has a 50 day moving average price of $20.60 and a 200-day moving average price of $20.58. Eaton Vance Enhanced Equity Income Fund has a one year low of $15.50 and a one year high of $21.58.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Focus Partners Wealth bought a new position in Eaton Vance Enhanced Equity Income Fund during the fourth quarter worth about $16,037,000. Bank of America Corp DE grew its position in shares of Eaton Vance Enhanced Equity Income Fund by 2.6% during the 3rd quarter. Bank of America Corp DE now owns 590,245 shares of the company’s stock worth $12,395,000 after purchasing an additional 15,180 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Eaton Vance Enhanced Equity Income Fund by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 513,967 shares of the company’s stock worth $10,567,000 after purchasing an additional 18,910 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 6.4% during the fourth quarter. Invesco Ltd. now owns 459,475 shares of the company’s stock worth $9,447,000 after purchasing an additional 27,719 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of Eaton Vance Enhanced Equity Income Fund by 11.9% in the second quarter. Guggenheim Capital LLC now owns 355,825 shares of the company’s stock valued at $7,444,000 after buying an additional 37,911 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.