Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Increases Dividend to $0.09 Per Share

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) declared a monthly dividend on Wednesday, November 1st, NASDAQ reports. Investors of record on Wednesday, November 22nd will be paid a dividend of 0.0932 per share by the financial services provider on Thursday, November 30th. This represents a $1.12 annualized dividend and a dividend yield of 8.85%. The ex-dividend date is Tuesday, November 21st. This is a boost 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 Stock Performance

Shares of ETB stock opened at $12.64 on Monday. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52 week low of $11.59 and a 52 week high of $15.13. The company’s 50 day moving average price is $12.56 and its two-hundred day moving average price is $13.11.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

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