Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Announces $0.16 Monthly Dividend

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.1646 per share by the closed-end fund on Monday, March 31st. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date of this dividend is Friday, March 14th.

Eaton Vance Tax-Advantaged Dividend Income Fund has decreased its dividend by an average of 0.8% per year over the last three years.

Eaton Vance Tax-Advantaged Dividend Income Fund Price Performance

Shares of EVT stock traded down $0.37 during trading hours on Tuesday, reaching $23.40. The company had a trading volume of 305,450 shares, compared to its average volume of 137,001. Eaton Vance Tax-Advantaged Dividend Income Fund has a twelve month low of $22.29 and a twelve month high of $25.83. The stock’s fifty day simple moving average is $24.23 and its 200 day simple moving average is $24.45.

Insider Buying and Selling at Eaton Vance Tax-Advantaged Dividend Income Fund

In other news, insider Keith Quinton acquired 8,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of $24.24 per share, with a total value of $193,920.00. Following the transaction, the insider now directly owns 8,000 shares in the company, valued at approximately $193,920. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

About Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across the diversified sectors. The fund primarily invests in dividend paying value stocks of companies that qualify for favorable federal income tax treatment.