Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) to Issue $0.07 Monthly Dividend

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.0651 per share on Monday, March 31st. This represents a $0.78 annualized dividend and a yield of 8.94%. The ex-dividend date is Friday, March 14th.

Eaton Vance Risk-Managed Diversified Equity Income Fund has decreased its dividend payment by an average of 5.6% annually over the last three years.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

NYSE ETJ traded down $0.11 on Tuesday, hitting $8.74. 188,788 shares of the stock were exchanged, compared to its average volume of 168,814. The business’s fifty day moving average is $9.19 and its 200 day moving average is $9.20. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 52 week low of $8.10 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.