Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Plans Monthly Dividend of $0.11

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) declared a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.106 per share by the financial services provider on Tuesday, April 30th. This represents a $1.27 annualized dividend and a dividend yield of 9.72%. The ex-dividend date of this dividend is Monday, April 22nd. This is a positive change 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 7.3% per year over the last three years.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Down 1.1 %

Shares of ETB opened at $13.08 on Friday. The stock has a 50-day simple moving average of $13.49 and a 200-day simple moving average of $13.04. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1 year low of $11.59 and a 1 year high of $14.08.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 2nd quarter valued at about $35,000. Worth Asset Management LLC purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 1st quarter valued at about $40,000. JPMorgan Chase & Co. purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth approximately $51,000. Gould Capital LLC lifted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 90.0% during the fourth quarter. Gould Capital LLC now owns 3,800 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the first quarter worth 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.