Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Increases Dividend to $0.11 Per Share

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) declared a monthly dividend on Wednesday, November 1st, NASDAQ reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.1095 per share on Thursday, November 30th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date is Tuesday, November 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 increased its dividend payment by an average of 6.8% annually over the last three years.

Eaton Vance Enhanced Equity Income Fund Stock Up 0.1 %

NYSE EOI opened at $15.66 on Monday. Eaton Vance Enhanced Equity Income Fund has a 12 month low of $14.36 and a 12 month high of $16.99. The company has a 50-day moving average of $15.57 and a 200-day moving average of $15.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fort Pitt Capital Group LLC increased its position in Eaton Vance Enhanced Equity Income Fund by 27.8% during the 1st quarter. Fort Pitt Capital Group LLC now owns 835,796 shares of the company’s stock worth $12,721,000 after purchasing an additional 181,751 shares in the last quarter. Guggenheim Capital LLC increased its position in Eaton Vance Enhanced Equity Income Fund by 12.6% during the 1st quarter. Guggenheim Capital LLC now owns 659,028 shares of the company’s stock worth $12,133,000 after purchasing an additional 73,924 shares in the last quarter. Royal Bank of Canada increased its position in Eaton Vance Enhanced Equity Income Fund by 25.5% during the 3rd quarter. Royal Bank of Canada now owns 255,405 shares of the company’s stock worth $3,601,000 after purchasing an additional 51,934 shares in the last quarter. Advisor Group Holdings Inc. increased its position in Eaton Vance Enhanced Equity Income Fund by 44.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 67,517 shares of the company’s stock worth $1,008,000 after purchasing an additional 20,670 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in Eaton Vance Enhanced Equity Income Fund by 167.7% during the 2nd quarter. Raymond James Trust N.A. now owns 31,082 shares of the company’s stock worth $513,000 after purchasing an additional 19,471 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.