Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Raises Dividend to $0.17 Per Share

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) announced a monthly dividend on Monday, June 3rd, Zacks reports. Investors of record on Friday, June 21st will be paid a dividend of 0.165 per share by the closed-end fund on Friday, June 28th. This represents a $1.98 annualized dividend and a yield of 8.50%. The ex-dividend date is Friday, June 21st. This is an increase from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.16.

Eaton Vance Tax-Advantaged Dividend Income Fund has decreased its dividend payment by an average of 1.8% annually over the last three years and has increased its dividend every year for the last 2 years.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

Eaton Vance Tax-Advantaged Dividend Income Fund stock traded up $0.05 on Wednesday, reaching $23.30. The company’s stock had a trading volume of 24,609 shares, compared to its average volume of 114,716. The business’s fifty day moving average price is $23.26 and its 200 day moving average price is $22.49. Eaton Vance Tax-Advantaged Dividend Income Fund has a twelve month low of $18.70 and a twelve month high of $24.19.

Eaton Vance Tax-Advantaged Dividend Income Fund Company Profile

Eaton Vance Tax-Advantaged Dividend Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across the diversified sectors. The fund primarily invests in dividend paying value stocks of companies that qualify for favorable federal income tax treatment.