Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Declares Dividend Increase – $0.07 Per Share

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) announced a monthly dividend on Friday, November 1st,Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.0651 per share on Friday, November 29th. This represents a $0.78 annualized dividend and a yield of 8.44%. The ex-dividend date is Thursday, November 21st. This is an increase from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.07.

Eaton Vance Risk-Managed Diversified Equity Income Fund has decreased its dividend by an average of 8.7% annually over the last three years.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Up 0.8 %

Shares of ETJ opened at $9.26 on Tuesday. The stock has a 50 day moving average of $9.21 and a 200-day moving average of $8.91. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52 week low of $7.56 and a 52 week high of $9.60.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.