Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Raises Dividend to $0.07 Per Share

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) announced a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, July 23rd will be paid a dividend of 0.0651 per share on Wednesday, July 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date of this dividend is Tuesday, July 23rd. 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% per year over the last three years.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of ETJ stock traded up $0.04 on Tuesday, reaching $8.86. The company had a trading volume of 106,560 shares, compared to its average volume of 165,853. The company has a 50-day moving average of $8.54 and a 200-day moving average of $8.29. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12 month low of $7.20 and a 12 month high of $8.88.

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.