Eaton Vance Enhanced Equity Income Fund (EOI) To Go Ex-Dividend on September 21st

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) declared a monthly dividend on Friday, September 1st, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.1095 per share on Friday, September 29th. This represents a $1.31 annualized dividend and a yield of 8.17%. The ex-dividend date is Thursday, September 21st. This is an increase from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.11.

Eaton Vance Enhanced Equity Income Fund has raised its dividend payment by an average of 6.8% per year over the last three years.

Eaton Vance Enhanced Equity Income Fund Price Performance

EOI stock opened at $16.08 on Tuesday. The company’s fifty day moving average price is $16.48 and its 200-day moving average price is $15.90. Eaton Vance Enhanced Equity Income Fund has a one year low of $13.94 and a one year high of $16.99.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the first quarter worth about $27,000. Money Concepts Capital Corp bought a new position in shares of Eaton Vance Enhanced Equity Income Fund during the 4th quarter valued at approximately $152,000. Virtu Financial LLC purchased a new position in shares of Eaton Vance Enhanced Equity Income Fund in the fourth quarter valued at $161,000. Moors & Cabot Inc. increased its position in Eaton Vance Enhanced Equity Income Fund by 7.5% in the first quarter. Moors & Cabot Inc. now owns 12,531 shares of the company’s stock worth $231,000 after purchasing an additional 874 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Eaton Vance Enhanced Equity Income Fund by 30.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,706 shares of the company’s stock valued at $252,000 after buying an additional 3,172 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Company Profile

Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.