Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) to Issue Monthly Dividend of $0.15

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) announced a monthly dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be paid a dividend of $0.1467 per share on Monday, November 30th. This represents a $1.76 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Monday, November 16th. This is a 9.6% increase from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.1338.

Eaton Vance Enhanced Equity Income Fund Stock Performance

Shares of NYSE EOI traded up $0.04 during midday trading on Tuesday, hitting $19.17. The company’s stock had a trading volume of 31,683 shares, compared to its average volume of 75,859. Eaton Vance Enhanced Equity Income Fund has a one year low of $18.03 and a one year high of $21.09. The stock has a fifty day moving average price of $19.76 and a 200 day moving average price of $19.84.

About Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) is a closed-end investment fund managed by Eaton Vance Management, an indirect subsidiary of Morgan Stanley. The fund seeks to provide current income and capital appreciation by investing primarily in a diversified portfolio of common stocks.

To enhance portfolio income, EOI generally employs a covered call-writing strategy, selling call options on selected holdings or on broader market indexes. The premiums received from these options supplement dividends and other investment income, although the strategy may limit the fund’s potential gains when the underlying securities rise significantly.

The fund focuses primarily on established publicly traded companies and offers investors exposure to equity markets through a professionally managed portfolio.