Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) to Issue Monthly Dividend of $0.11 on September 30th

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.1058 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, September 15th.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.3%

Shares of NYSE ETB opened at $15.65 on Thursday. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1 year low of $13.86 and a 1 year high of $15.82. The company’s 50-day moving average is $15.51 and its 200 day moving average is $15.28.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

Several hedge funds have recently bought and sold shares of the business. Invesco Ltd. boosted its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 4.3% in the 2nd quarter. Invesco Ltd. now owns 393,744 shares of the financial services provider’s stock worth $5,686,000 after purchasing an additional 16,237 shares in the last quarter. Gould Capital LLC increased its holdings in 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 buying an additional 1,073 shares in the last quarter. Ameriprise Financial Inc. raised its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 39.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 92,127 shares of the financial services provider’s stock worth $1,330,000 after buying an additional 26,277 shares during the last quarter. Bank of America Corp DE lifted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 45.7% during the 2nd quarter. Bank of America Corp DE now owns 464,271 shares of the financial services provider’s stock valued at $6,704,000 after acquiring an additional 145,724 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd 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.