Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Plans Monthly Dividend of $0.13

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be given a dividend of $0.1338 per share on Friday, October 30th. This represents a $1.61 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Thursday, October 15th.

Eaton Vance Enhanced Equity Income Fund Stock Down 0.4%

Eaton Vance Enhanced Equity Income Fund stock opened at $19.79 on Friday. Eaton Vance Enhanced Equity Income Fund has a twelve month low of $18.03 and a twelve month high of $21.10. The stock has a 50 day moving average of $19.89 and a two-hundred day moving average of $19.70.

Insider Activity at Eaton Vance Enhanced Equity Income Fund

In related news, Portfolio Manager Charles Gaffney purchased 25,000 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was acquired at an average price of $20.11 per share, for a total transaction of $502,750.00. Following the completion of the purchase, the portfolio manager directly owned 25,000 shares of the company’s stock, valued at $502,750. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in Eaton Vance Enhanced Equity Income Fund in the 2nd quarter valued at $35,581,000. Royal Bank of Canada lifted its stake in shares of Eaton Vance Enhanced Equity Income Fund by 2.3% in the 1st quarter. Royal Bank of Canada now owns 336,433 shares of the company’s stock worth $6,318,000 after acquiring an additional 7,608 shares during the period. Roman Butler Fullerton & Co. purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the second quarter valued at about $6,298,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the second quarter valued at about $3,634,000. Finally, Fund Advisors of America Inc FL acquired a new position in shares of Eaton Vance Enhanced Equity Income Fund during the second quarter worth about $2,272,000.

About Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) is a closed-end investment company designed to provide investors with high current income and the opportunity for capital appreciation. The fund is managed by Eaton Vance Management, part of Morgan Stanley Investment Management.

The fund invests primarily in dividend-paying common stocks of established companies, with an emphasis on generating income from equity holdings. To enhance portfolio income, it generally employs a covered call strategy by writing call options on selected securities held in the portfolio.