Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Plans Dividend Increase – $0.13 Per Share

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) declared a monthly dividend on Monday, June 3rd, Zacks reports. Shareholders of record on Friday, June 21st will be paid a dividend of 0.134 per share on Friday, June 28th. This represents a $1.61 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date of this dividend is Friday, June 21st. This is an increase from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.13.

Eaton Vance Enhanced Equity Income Fund has increased its dividend by an average of 6.8% annually over the last three years.

Eaton Vance Enhanced Equity Income Fund Stock Up 0.2 %

Shares of EOI stock opened at $19.12 on Thursday. Eaton Vance Enhanced Equity Income Fund has a 52-week low of $14.36 and a 52-week high of $19.17. The firm’s 50 day moving average price is $18.36 and its two-hundred day moving average price is $17.67.

About Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.