Eaton Vance Enhanced Equity Income Fund (EOI) to Issue Monthly Dividend of $0.13 on April 30th

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) declared a monthly dividend on Wednesday, April 1st. Investors of record on Wednesday, April 15th will be paid a dividend of 0.1338 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Wednesday, April 15th.

Eaton Vance Enhanced Equity Income Fund Price Performance

Shares of Eaton Vance Enhanced Equity Income Fund stock remained flat at $19.47 during midday trading on Monday. 13,754 shares of the company traded hands, compared to its average volume of 83,490. The business has a 50-day moving average price of $19.83 and a two-hundred day moving average price of $20.19. Eaton Vance Enhanced Equity Income Fund has a 52-week low of $16.80 and a 52-week high of $21.58.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of EOI. Eagle Bay Advisors LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth approximately $31,000. Kestra Advisory Services LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth approximately $67,000. Wolverine Asset Management LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund in the 3rd quarter worth approximately $85,000. JPMorgan Chase & Co. increased its holdings in Eaton Vance Enhanced Equity Income Fund by 15.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock worth $93,000 after buying an additional 600 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in Eaton Vance Enhanced Equity Income Fund by 127.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,772 shares of the company’s stock worth $121,000 after buying an additional 3,236 shares during the period.

About Eaton Vance Enhanced Equity Income Fund

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.