Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Announces Dividend Increase – $0.19 Per Share

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) announced a monthly dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be given a dividend of $0.1899 per share by the closed-end fund on Monday, November 30th. This represents a $2.28 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Monday, November 16th. This is a 15.4% increase from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.1646.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Down 0.5%

EVT stock traded down $0.12 on Tuesday, hitting $27.24. 77,904 shares of the company’s stock were exchanged, compared to its average volume of 99,409. The firm has a 50 day moving average price of $28.09 and a two-hundred day moving average price of $26.88. Eaton Vance Tax-Advantaged Dividend Income Fund has a 12-month low of $23.00 and a 12-month high of $29.65.

Hedge Funds Weigh In On Eaton Vance Tax-Advantaged Dividend Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 3.9% in the third quarter. Kingstone Capital Partners Texas LLC now owns 384,058 shares of the closed-end fund’s stock valued at $10,719,000 after buying an additional 14,567 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 3.7% during the 1st quarter. Private Advisor Group LLC now owns 213,798 shares of the closed-end fund’s stock worth $5,249,000 after acquiring an additional 7,604 shares in the last quarter. First Trust Advisors LP grew its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 5.0% in the first quarter. First Trust Advisors LP now owns 153,157 shares of the closed-end fund’s stock valued at $3,760,000 after purchasing an additional 7,280 shares during the period. Legacy Financial Independent Advisors LLC increased its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 3.0% in the 3rd quarter. Legacy Financial Independent Advisors LLC now owns 132,653 shares of the closed-end fund’s stock worth $3,702,000 after acquiring an additional 3,818 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 10.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 132,276 shares of the closed-end fund’s stock worth $3,692,000 after purchasing an additional 12,077 shares during the last quarter.

Eaton Vance Tax-Advantaged Dividend Income Fund Company Profile

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) is a closed-end investment fund that seeks to provide current income and long-term capital appreciation. The fund invests primarily in dividend-paying common stocks and other equity securities, with an emphasis on companies that may offer attractive income and the potential for tax-advantaged distributions.

EVT generally invests across a range of industries and may hold securities issued by companies in the United States and other countries.