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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.1338 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Wednesday, July 15th.

Eaton Vance Enhanced Equity Income Fund Stock Up 0.2%

NYSE EOI traded up $0.04 during trading hours on Thursday, hitting $19.84. 7,357 shares of the company’s stock traded hands, compared to its average volume of 82,676. The firm’s 50-day moving average is $19.66 and its 200-day moving average is $19.95. Eaton Vance Enhanced Equity Income Fund has a 52-week low of $18.03 and a 52-week high of $21.58.

About Eaton Vance Enhanced Equity Income Fund

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.