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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Monday, March 16th will be given a dividend of 0.1338 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Monday, March 16th.

Eaton Vance Enhanced Equity Income Fund Stock Up 0.6%

Shares of NYSE:EOI traded up $0.12 during midday trading on Wednesday, reaching $20.36. 8,150 shares of the company’s stock were exchanged, compared to its average volume of 78,368. The firm’s 50 day simple moving average is $20.60 and its two-hundred day simple moving average is $20.58. Eaton Vance Enhanced Equity Income Fund has a fifty-two week low of $15.50 and a fifty-two week high of $21.58.

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.