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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date is Friday, March 14th.

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

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Down 1.6 %

EVT traded down $0.37 during trading on Tuesday, hitting $23.40. The company had a trading volume of 305,450 shares, compared to its average volume of 137,001. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1-year low of $22.29 and a 1-year high of $25.83. The business has a 50-day moving average of $24.23 and a 200-day moving average of $24.45.

Insider Activity

In other news, insider Keith Quinton purchased 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average cost of $24.24 per share, for a total transaction of $193,920.00. Following the completion of the purchase, the insider now owns 8,000 shares of the company’s stock, valued at approximately $193,920. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eaton Vance Tax-Advantaged Dividend Income Fund Company Profile

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.