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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVTGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.165 per share by the closed-end fund on Tuesday, April 30th. This represents a $1.98 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date of this dividend is Monday, April 22nd. This is a boost from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.15.

Eaton Vance Tax-Advantaged Dividend Income Fund has raised its dividend by an average of 0.9% annually over the last three years.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Down 0.3 %

NYSE EVT opened at $23.44 on Wednesday. The firm’s 50-day moving average is $22.64 and its two-hundred day moving average is $21.61. Eaton Vance Tax-Advantaged Dividend Income Fund has a 12 month low of $18.70 and a 12 month high of $23.82.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Harbour Investments Inc. lifted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 89.4% in the fourth quarter. Harbour Investments Inc. now owns 4,450 shares of the closed-end fund’s stock valued at $99,000 after buying an additional 2,100 shares during the last quarter. Baird Financial Group Inc. acquired a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the fourth quarter valued at about $282,000. Comerica Bank lifted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 119.0% in the fourth quarter. Comerica Bank now owns 6,573 shares of the closed-end fund’s stock valued at $146,000 after buying an additional 3,572 shares during the last quarter. Creative Planning purchased a new stake in Eaton Vance Tax-Advantaged Dividend Income Fund during the fourth quarter worth about $400,000. Finally, Cetera Advisor Networks LLC increased its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 9.1% during the fourth quarter. Cetera Advisor Networks LLC now owns 55,284 shares of the closed-end fund’s stock worth $1,230,000 after purchasing an additional 4,629 shares during the period.

About Eaton Vance Tax-Advantaged Dividend Income Fund

(Get Free Report)

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.

See Also

Dividend History for Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT)

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