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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) declared a monthly dividend on Friday, August 2nd, Wall Street Journal reports. Shareholders of record on Thursday, August 22nd will be paid a dividend of 0.1646 per share by the closed-end fund on Friday, August 30th. This represents a $1.98 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date is Thursday, August 22nd.

Eaton Vance Tax-Advantaged Dividend Income Fund has decreased its dividend payment by an average of 1.8% per year over the last three years.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Down 1.3 %

NYSE:EVT traded down $0.32 during trading hours on Friday, reaching $23.62. 109,738 shares of the company traded hands, compared to its average volume of 114,688. The business’s 50-day moving average price is $23.49 and its two-hundred day moving average price is $23.05. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1 year low of $18.70 and a 1 year high of $24.45.

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.