Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) to Issue $0.13 Monthly Dividend

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) declared a monthly dividend on Monday, February 2nd. Investors of record on Tuesday, February 17th will be given a dividend of 0.1338 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Tuesday, February 17th.

Eaton Vance Enhanced Equity Income Fund Price Performance

EOI stock traded down $0.32 during mid-day trading on Tuesday, reaching $20.64. 33,368 shares of the stock traded hands, compared to its average volume of 81,665. Eaton Vance Enhanced Equity Income Fund has a 52-week low of $15.50 and a 52-week high of $21.58. The stock’s fifty day moving average is $20.34 and its 200-day moving average is $20.66.

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.