Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) to Issue Monthly Dividend of $0.16 on August 31st

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.1646 per share by the closed-end fund on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, August 14th.

Eaton Vance Tax-Advantaged Dividend Income Fund Trading Up 1.5%

Shares of Eaton Vance Tax-Advantaged Dividend Income Fund stock opened at $28.98 on Wednesday. The business’s 50 day simple moving average is $27.23 and its 200-day simple moving average is $26.22. Eaton Vance Tax-Advantaged Dividend Income Fund has a twelve month low of $23.00 and a twelve month high of $29.09.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth increased its position in Eaton Vance Tax-Advantaged Dividend Income Fund by 53.9% in the first quarter. Focus Partners Wealth now owns 24,911 shares of the closed-end fund’s stock worth $580,000 after buying an additional 8,721 shares during the period. First Trust Advisors LP boosted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 2.6% during the second quarter. First Trust Advisors LP now owns 124,258 shares of the closed-end fund’s stock valued at $2,995,000 after acquiring an additional 3,130 shares during the period. Baird Financial Group Inc. grew its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 14.3% during the second quarter. Baird Financial Group Inc. now owns 21,535 shares of the closed-end fund’s stock worth $519,000 after acquiring an additional 2,700 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 17.2% during the second quarter. Raymond James Financial Inc. now owns 829,247 shares of the closed-end fund’s stock worth $19,985,000 after acquiring an additional 121,415 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 11.9% during the second quarter. Ameriprise Financial Inc. now owns 311,391 shares of the closed-end fund’s stock worth $7,506,000 after acquiring an additional 33,193 shares during the last quarter.

About Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) is a closed-end management investment company that seeks to provide shareholders with a high level of tax-advantaged income and the potential for capital appreciation. The fund pursues its investment objective by primarily acquiring dividend-paying equity securities of U.S. and foreign companies, with a focus on businesses that have demonstrated a track record of consistent cash distributions. EVT may also invest in American depositary receipts and other securities that offer favorable tax treatment for U.S.