Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Plans Dividend Increase – $0.11 Per Share

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETBGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.106 per share by the financial services provider on Tuesday, April 30th. This represents a $1.27 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date is Monday, April 22nd. This is a boost from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.09.

Eaton Vance Tax-Managed Buy-Write Income Fund has decreased its dividend payment by an average of 7.3% per year over the last three years.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Performance

Shares of ETB opened at $13.56 on Wednesday. The company has a 50-day moving average of $13.42 and a two-hundred day moving average of $12.98. Eaton Vance Tax-Managed Buy-Write Income Fund has a 12-month low of $11.59 and a 12-month high of $14.08.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. raised its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 1.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 42,848 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 750 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 5.1% during the first quarter. MML Investors Services LLC now owns 16,990 shares of the financial services provider’s stock worth $222,000 after buying an additional 831 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 50,917 shares of the financial services provider’s stock worth $707,000 after purchasing an additional 1,052 shares during the last quarter. CFO4Life Group LLC increased its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.0% during the fourth quarter. CFO4Life Group LLC now owns 55,430 shares of the financial services provider’s stock worth $719,000 after purchasing an additional 1,108 shares during the last quarter. Finally, Creative Planning increased its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 7.3% during the fourth quarter. Creative Planning now owns 18,861 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 1,286 shares during the last quarter.

About Eaton Vance Tax-Managed Buy-Write Income Fund

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Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

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Dividend History for Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB)

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