Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) Increases Dividend to $0.08 Per Share

Eaton Vance Short Duration Diversified Income Fund (NYSE:EVG) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Tuesday, February 17th will be given a dividend of 0.0751 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 0.1% increase from Eaton Vance Short Duration Diversified Income Fund’s previous monthly dividend of $0.08.

Eaton Vance Short Duration Diversified Income Fund Price Performance

EVG stock traded up $0.05 during midday trading on Tuesday, hitting $11.02. The stock had a trading volume of 71,342 shares, compared to its average volume of 45,676. The business has a 50-day moving average of $10.97 and a two-hundred day moving average of $11.11. Eaton Vance Short Duration Diversified Income Fund has a 52-week low of $10.25 and a 52-week high of $11.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its position in Eaton Vance Short Duration Diversified Income Fund by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,516,037 shares of the company’s stock valued at $17,165,000 after purchasing an additional 49,841 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Eaton Vance Short Duration Diversified Income Fund by 78.5% in the second quarter. Guggenheim Capital LLC now owns 156,778 shares of the company’s stock worth $1,729,000 after purchasing an additional 68,924 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 3.2% during the third quarter. First Trust Advisors LP now owns 129,037 shares of the company’s stock valued at $1,461,000 after purchasing an additional 3,988 shares in the last quarter. Shaker Financial Services LLC boosted its position in shares of Eaton Vance Short Duration Diversified Income Fund by 328.8% during the fourth quarter. Shaker Financial Services LLC now owns 118,733 shares of the company’s stock valued at $1,297,000 after buying an additional 91,046 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Eaton Vance Short Duration Diversified Income Fund by 28.5% during the 2nd quarter. Osaic Holdings Inc. now owns 99,700 shares of the company’s stock valued at $1,100,000 after acquiring an additional 22,105 shares during the last quarter.

About Eaton Vance Short Duration Diversified Income Fund

The Eaton Vance Short Duration Diversified Income Fund (NYSE: EVG) is a non-diversified, closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in a global portfolio of fixed-income securities. Under normal market conditions, at least 80% of the fund’s assets are allocated to debt obligations, including investment-grade corporate bonds, high-yield instruments and sovereign, mortgage- and asset-backed securities. The fund’s focus on short-duration issues—generally those with maturities of less than five years—aims to mitigate interest rate risk while capturing income opportunities across diverse market segments.

EVG is actively managed by Eaton Vance Management, a subsidiary of Morgan Stanley Wealth Management, utilizing rigorous credit research and sector analysis to identify undervalued and mispriced debt instruments.