Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) to Issue Monthly Dividend of $0.09 on September 29th

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) announced a monthly dividend on Friday, September 1st, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.0932 per share by the financial services provider on Friday, September 29th. This represents a $1.12 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date is Thursday, September 21st. This is an increase from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.09.

Eaton Vance Tax-Managed Buy-Write Income Fund has decreased its dividend by an average of 3.3% annually over the last three years.

Eaton Vance Tax-Managed Buy-Write Income Fund Price Performance

Shares of NYSE ETB opened at $13.00 on Tuesday. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1 year low of $12.61 and a 1 year high of $16.03. The firm has a fifty day moving average price of $13.51 and a 200-day moving average price of $13.25.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

A number of hedge funds have recently made changes to their positions in ETB. Raymond James & Associates lifted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 6.5% in the first quarter. Raymond James & Associates now owns 76,649 shares of the financial services provider’s stock worth $1,295,000 after buying an additional 4,653 shares in the last quarter. Worth Asset Management LLC bought a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 1st quarter valued at about $40,000. UBS Group AG grew its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 5.5% during the first quarter. UBS Group AG now owns 585,118 shares of the financial services provider’s stock valued at $9,888,000 after purchasing an additional 30,479 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 24.0% in the first quarter. Royal Bank of Canada now owns 121,694 shares of the financial services provider’s stock worth $2,057,000 after purchasing an additional 23,562 shares during the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the first quarter worth about $176,000.

About Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.