Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Declares Dividend Increase – $0.10 Per Share

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETYGet Free Report) announced a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.099 per share by the investment management company on Tuesday, April 30th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date is Monday, April 22nd. This is an increase from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.08.

Eaton Vance Tax-Managed Diversified Equity Income Fund has decreased its dividend by an average of 1.5% annually over the last three years.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

ETY stock opened at $13.22 on Wednesday. The business has a 50 day simple moving average of $12.97 and a 200-day simple moving average of $12.14. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 1 year low of $10.59 and a 1 year high of $13.47.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the second quarter worth approximately $26,000. Tower Research Capital LLC TRC grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 3,031.3% in the first quarter. Tower Research Capital LLC TRC now owns 3,006 shares of the investment management company’s stock worth $35,000 after acquiring an additional 2,910 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 811.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,573 shares of the investment management company’s stock worth $49,000 after acquiring an additional 3,181 shares during the period. JPMorgan Chase & Co. grew its position in Eaton Vance Tax-Managed Diversified Equity Income Fund by 123.1% in the second quarter. JPMorgan Chase & Co. now owns 6,282 shares of the investment management company’s stock worth $78,000 after acquiring an additional 3,466 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the third quarter worth approximately $124,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

(Get Free Report)

Eaton Vance Tax-Managed Diversified Equity 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 diversified sectors. The fund primarily invests in dividend paying stocks of companies.

See Also

Dividend History for Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY)

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