Eaton Vance Enhanced Equity Income Fund (EOI) To Go Ex-Dividend on July 15th

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.1338 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Eaton Vance Enhanced Equity Income Fund Trading Down 0.1%

Eaton Vance Enhanced Equity Income Fund stock opened at $19.79 on Friday. The stock has a 50 day moving average of $19.67 and a 200-day moving average of $19.95. Eaton Vance Enhanced Equity Income Fund has a 52 week low of $18.03 and a 52 week high of $21.58.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC bought a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth about $31,000. Fifth Third Bancorp bought a new position in shares of Eaton Vance Enhanced Equity Income Fund during the first quarter worth about $28,000. Kestra Advisory Services LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund in the fourth quarter worth about $67,000. JPMorgan Chase & Co. grew its stake in Eaton Vance Enhanced Equity Income Fund by 15.7% in the third quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock worth $93,000 after purchasing an additional 600 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Eaton Vance Enhanced Equity Income Fund by 127.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,772 shares of the company’s stock valued at $121,000 after buying an additional 3,236 shares during the last quarter.

Eaton Vance Enhanced Equity Income Fund Company Profile

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.