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) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.1646 per share by the closed-end fund on Wednesday, April 30th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date of this dividend is Tuesday, April 15th.

Eaton Vance Tax-Advantaged Dividend Income Fund has decreased its dividend by an average of 0.8% annually over the last three years.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

Shares of Eaton Vance Tax-Advantaged Dividend Income Fund stock traded up $0.18 during trading on Wednesday, hitting $23.41. 82,626 shares of the stock were exchanged, compared to its average volume of 117,163. The firm’s 50-day moving average price is $23.88 and its 200 day moving average price is $24.33. Eaton Vance Tax-Advantaged Dividend Income Fund has a 12-month low of $22.29 and a 12-month high of $25.83.

Insiders Place Their Bets

In related news, insider Keith Quinton acquired 8,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were bought at an average price of $24.24 per share, with a total value of $193,920.00. Following the completion of the acquisition, the insider now owns 8,000 shares in the company, valued at $193,920. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired 9,350 shares of company stock valued at $224,367 in the last ninety days.

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.