Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) to Issue $0.16 Monthly Dividend

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.1646 per share by the closed-end fund on Monday, March 31st. This represents a $1.98 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend is Friday, March 14th.

Eaton Vance Tax-Advantaged Dividend Income Fund has decreased its dividend payment by an average of 0.8% per year over the last three years.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Up 2.7 %

Shares of EVT stock opened at $23.74 on Wednesday. The stock’s fifty day simple moving average is $24.13 and its 200-day simple moving average is $24.41. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1-year low of $21.68 and a 1-year high of $25.83.

Insiders Place Their Bets

In other Eaton Vance Tax-Advantaged Dividend Income Fund news, insider Keith Quinton acquired 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of $24.24 per share, for a total transaction of $193,920.00. Following the completion of the acquisition, the insider now owns 8,000 shares of the company’s stock, valued at approximately $193,920. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

About Eaton Vance Tax-Advantaged Dividend Income Fund

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.