Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Plans Dividend Increase – $0.11 Per Share

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.1094 per share by the investment management company on Monday, November 30th. This represents a $1.31 annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Monday, November 16th. This is a 10.3% increase from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.0992.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Performance

Shares of ETY stock traded up $0.03 on Tuesday, hitting $13.66. The stock had a trading volume of 210,390 shares, compared to its average volume of 274,368. The business has a 50 day moving average of $14.12 and a 200 day moving average of $14.47. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 12-month low of $13.12 and a 12-month high of $15.87.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE: ETY) is a closed-end investment fund managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley. The fund seeks to provide current income and long-term capital appreciation while managing the tax characteristics of its distributions.

ETY invests in a diversified portfolio of equity securities, including dividend-paying common stocks issued by companies in the United States and other countries. Its portfolio may include businesses across multiple industries and geographic regions, giving shareholders exposure to global equity markets through a single investment vehicle.

To support its income-oriented strategy, the fund may use options, including covered-call transactions, alongside its equity investments.