Eaton Vance Enhanced Equity Income Fund (EOI) to Issue Monthly Dividend of $0.13 on August 31st

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.1338 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, August 14th.

Eaton Vance Enhanced Equity Income Fund Trading Up 0.1%

Eaton Vance Enhanced Equity Income Fund stock opened at $20.20 on Wednesday. Eaton Vance Enhanced Equity Income Fund has a one year low of $18.03 and a one year high of $21.58. The stock has a fifty day moving average of $19.67 and a 200 day moving average of $19.82.

Insider Activity at Eaton Vance Enhanced Equity Income Fund

In other Eaton Vance Enhanced Equity Income Fund news, Portfolio Manager Charles Gaffney purchased 25,000 shares of Eaton Vance Enhanced Equity Income Fund stock in a transaction dated Monday, July 13th. The stock was purchased at an average price of $20.11 per share, with a total value of $502,750.00. Following the transaction, 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 link.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund

Several large investors have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC bought a new position in Eaton Vance Enhanced Equity Income Fund in the fourth quarter worth approximately $31,000. Fifth Third Bancorp purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the 1st quarter worth $28,000. Kestra Advisory Services LLC purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth $67,000. JPMorgan Chase & Co. increased its stake in shares of Eaton Vance Enhanced Equity Income Fund by 15.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock worth $93,000 after purchasing an additional 600 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Eaton Vance Enhanced Equity Income Fund by 127.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,772 shares of the company’s stock worth $121,000 after purchasing an additional 3,236 shares during the period.

Eaton Vance Enhanced Equity Income Fund Company Profile

The Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of long-term capital appreciation. The fund invests primarily in dividend-paying common stocks of U.S. companies and may also hold preferred stocks and other equity securities. To enhance income potential, the fund employs a covered-call strategy by selling call options on a portion of its equity portfolio.

Under normal market conditions, the fund’s portfolio managers select large- and mid-capitalization equities with the potential for dividend growth and price appreciation.