Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Plans Monthly Dividend of $0.11

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) declared a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.1058 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

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

NYSE:ETB traded up $0.03 during mid-day trading on Thursday, hitting $15.56. The company’s stock had a trading volume of 8,753 shares, compared to its average volume of 53,523. Eaton Vance Tax-Managed Buy-Write Income Fund has a fifty-two week low of $13.86 and a fifty-two week high of $15.67. The stock has a fifty day moving average of $15.32 and a 200-day moving average of $15.21.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ETB. Invesco Ltd. raised its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 4.3% during the 2nd quarter. Invesco Ltd. now owns 393,744 shares of the financial services provider’s stock valued at $5,686,000 after acquiring an additional 16,237 shares during the last quarter. Gould Capital LLC boosted its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% in the 2nd quarter. Gould Capital LLC now owns 7,426 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,073 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 39.9% during the second quarter. Ameriprise Financial Inc. now owns 92,127 shares of the financial services provider’s stock worth $1,330,000 after purchasing an additional 26,277 shares during the period. Bank of America Corp DE grew its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 45.7% during the second quarter. Bank of America Corp DE now owns 464,271 shares of the financial services provider’s stock worth $6,704,000 after purchasing an additional 145,724 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter valued at about $25,000.

About Eaton Vance Tax-Managed Buy-Write Income Fund

The Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end management investment company that seeks to provide a high level of after-tax total return. The fund primarily invests in a portfolio of U.S. common stocks, focusing on large-capitalization companies with established dividend records. To enhance income and manage risk, ETB employs a covered call, or “buy-write,” strategy, writing call options on selected equity holdings to generate premium income.

Under its tax-managed approach, the fund aims to reduce the tax impact of distributions by employing option overlay techniques alongside traditional equity selection.