Eaton Vance Enhanced Equity Income Fund Announces Monthly Dividend of $0.13 (NYSE:EOI)

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) declared a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be given a dividend of 0.1338 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, June 15th.

Eaton Vance Enhanced Equity Income Fund Trading Down 0.6%

NYSE:EOI opened at $19.97 on Tuesday. Eaton Vance Enhanced Equity Income Fund has a one year low of $18.03 and a one year high of $21.58. The company has a fifty day moving average price of $19.58 and a 200 day moving average price of $20.00.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Several large investors have recently bought and sold shares of the stock. Focus Partners Wealth acquired a new position in Eaton Vance Enhanced Equity Income Fund during the 4th quarter valued at $16,037,000. Bank of America Corp DE raised its stake in Eaton Vance Enhanced Equity Income Fund by 2.6% during the 3rd quarter. Bank of America Corp DE now owns 590,245 shares of the company’s stock valued at $12,395,000 after purchasing an additional 15,180 shares during the last quarter. Wells Fargo & Company MN raised its stake in Eaton Vance Enhanced Equity Income Fund by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 513,967 shares of the company’s stock valued at $10,567,000 after purchasing an additional 18,910 shares during the last quarter. Invesco Ltd. increased its holdings in Eaton Vance Enhanced Equity Income Fund by 6.4% in the 4th quarter. Invesco Ltd. now owns 459,475 shares of the company’s stock valued at $9,447,000 after buying an additional 27,719 shares during the period. Finally, Royal Bank of Canada increased its holdings in Eaton Vance Enhanced Equity Income Fund by 2.3% in the 1st quarter. Royal Bank of Canada now owns 336,433 shares of the company’s stock valued at $6,318,000 after buying an additional 7,608 shares during the period.

About Eaton Vance Enhanced Equity Income Fund

The Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of long-term capital appreciation. The fund invests primarily in dividend-paying common stocks of U.S. companies and may also hold preferred stocks and other equity securities. To enhance income potential, the fund employs a covered-call strategy by selling call options on a portion of its equity portfolio.

Under normal market conditions, the fund’s portfolio managers select large- and mid-capitalization equities with the potential for dividend growth and price appreciation.