Eaton Vance Enhanced Equity Income Fund (NYSE:EOI – Get Free Report) announced a monthly dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be paid a dividend of $0.1467 per share on Monday, November 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Monday, November 16th. This is a 9.6% increase from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.1338.
Eaton Vance Enhanced Equity Income Fund Stock Performance
Eaton Vance Enhanced Equity Income Fund stock traded up $0.04 during mid-day trading on Tuesday, hitting $19.17. 31,683 shares of the company’s stock were exchanged, compared to its average volume of 75,859. The company’s 50 day simple moving average is $19.76 and its 200-day simple moving average is $19.84. Eaton Vance Enhanced Equity Income Fund has a fifty-two week low of $18.03 and a fifty-two week high of $21.09.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. PMG Family Office LLC lifted its stake in shares of Eaton Vance Enhanced Equity Income Fund by 0.7% during the 3rd quarter. PMG Family Office LLC now owns 85,054 shares of the company’s stock worth $1,690,000 after buying an additional 552 shares during the last quarter. Roman Butler Fullerton & Co. increased its position in shares of Eaton Vance Enhanced Equity Income Fund by 0.5% during the first quarter. Roman Butler Fullerton & Co. now owns 220,865 shares of the company’s stock worth $4,344,000 after buying an additional 1,171 shares during the period. Bullseye Investment Management LLC acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the 2nd quarter worth approximately $26,000. Fifth Third Bancorp bought a new stake in Eaton Vance Enhanced Equity Income Fund in the first quarter valued at $28,000. Finally, Lynx Investment Advisory raised its stake in Eaton Vance Enhanced Equity Income Fund by 5.8% during the 3rd quarter. Lynx Investment Advisory now owns 58,730 shares of the company’s stock worth $1,167,000 after buying an additional 3,225 shares during the period.
Eaton Vance Enhanced Equity Income Fund Company Profile
Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) is a closed-end investment fund managed by Eaton Vance Management, an indirect subsidiary of Morgan Stanley. The fund seeks to provide current income and capital appreciation by investing primarily in a diversified portfolio of common stocks.
To enhance portfolio income, EOI generally employs a covered call-writing strategy, selling call options on selected holdings or on broader market indexes. The premiums received from these options supplement dividends and other investment income, although the strategy may limit the fund’s potential gains when the underlying securities rise significantly.
The fund focuses primarily on established publicly traded companies and offers investors exposure to equity markets through a professionally managed portfolio.
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