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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) announced a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.1646 per share by the closed-end fund on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, May 15th.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of EVT traded up $0.08 on Wednesday, hitting $26.55. 18,294 shares of the stock traded hands, compared to its average volume of 105,495. The stock’s 50 day moving average is $25.32 and its two-hundred day moving average is $25.17. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1 year low of $22.68 and a 1 year high of $26.80.

Hedge Funds Weigh In On Eaton Vance Tax-Advantaged Dividend Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 0.8% in the 3rd quarter. Bank of America Corp DE now owns 935,243 shares of the closed-end fund’s stock valued at $22,867,000 after purchasing an additional 7,794 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 6.9% in the 3rd quarter. Raymond James Financial Inc. now owns 886,731 shares of the closed-end fund’s stock valued at $21,681,000 after purchasing an additional 57,484 shares during the last quarter. 1607 Capital Partners LLC boosted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 6.2% in the 3rd quarter. 1607 Capital Partners LLC now owns 797,020 shares of the closed-end fund’s stock valued at $19,487,000 after purchasing an additional 46,678 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 18.3% in the 4th quarter. Joel Isaacson & Co. LLC now owns 745,247 shares of the closed-end fund’s stock valued at $18,765,000 after purchasing an additional 115,474 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 5.3% in the 4th quarter. Wells Fargo & Company MN now owns 716,777 shares of the closed-end fund’s stock valued at $18,048,000 after purchasing an additional 36,392 shares during the last quarter.

About Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) is a closed-end management investment company that seeks to provide shareholders with a high level of tax-advantaged income and the potential for capital appreciation. The fund pursues its investment objective by primarily acquiring dividend-paying equity securities of U.S. and foreign companies, with a focus on businesses that have demonstrated a track record of consistent cash distributions. EVT may also invest in American depositary receipts and other securities that offer favorable tax treatment for U.S.