Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Plans $0.13 Monthly Dividend

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.1338 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, August 14th.

Eaton Vance Enhanced Equity Income Fund Price Performance

Shares of EOI opened at $19.94 on Tuesday. Eaton Vance Enhanced Equity Income Fund has a 1 year low of $18.03 and a 1 year high of $21.58. The company’s 50-day simple moving average is $19.66 and its 200-day simple moving average is $19.85.

About Eaton Vance Enhanced Equity Income Fund

The Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of long-term capital appreciation. The fund invests primarily in dividend-paying common stocks of U.S. companies and may also hold preferred stocks and other equity securities. To enhance income potential, the fund employs a covered-call strategy by selling call options on a portion of its equity portfolio.

Under normal market conditions, the fund’s portfolio managers select large- and mid-capitalization equities with the potential for dividend growth and price appreciation.