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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0651 per share on Friday, October 30th. This represents a $0.78 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Thursday, October 15th.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of Eaton Vance Risk-Managed Diversified Equity Income Fund stock opened at $8.14 on Friday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a twelve month low of $7.88 and a twelve month high of $9.08. The company’s 50 day moving average is $8.37 and its 200 day moving average is $8.35.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ) is a closed-end investment fund managed by Eaton Vance Management, a Morgan Stanley Investment Management affiliate. The fund seeks to provide current income and capital appreciation through a diversified portfolio of equity securities.

The fund primarily invests in common stocks of U.S. companies across multiple industries and uses an options-based strategy as part of its portfolio management. In particular, it may write call options on individual securities or equity indexes to generate income and help manage downside risk, although this approach can also limit some potential gains.

ETJ was established as part of Eaton Vance’s family of closed-end funds and is designed for investors seeking equity-market exposure combined with an income-oriented, risk-managed strategy.