Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Raises Dividend to $0.13 Per Share

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Wednesday, October 23rd will be paid a dividend of 0.134 per share on Thursday, October 31st. This represents a $1.61 annualized dividend and a dividend yield of 8.12%. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a positive change from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.13.

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

Eaton Vance Enhanced Equity Income Fund Stock Down 1.0 %

Shares of EOI traded down $0.19 during trading hours on Thursday, hitting $19.80. 8,239 shares of the stock were exchanged, compared to its average volume of 83,263. Eaton Vance Enhanced Equity Income Fund has a 12-month low of $14.36 and a 12-month high of $20.23. The stock’s 50-day moving average price is $19.24 and its two-hundred day moving average price is $18.86.

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.