Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Plans Dividend Increase – $0.17 Per Share

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.165 per share by the closed-end fund on Tuesday, April 30th. This represents a $1.98 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date is Monday, April 22nd. This is a boost from Eaton Vance Tax-Advantaged Dividend Income Fund’s previous monthly dividend of $0.15.

Eaton Vance Tax-Advantaged Dividend Income Fund has raised its dividend by an average of 0.9% per year over the last three years.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of EVT opened at $22.32 on Friday. Eaton Vance Tax-Advantaged Dividend Income Fund has a 1 year low of $18.70 and a 1 year high of $23.82. The stock’s 50-day moving average price is $22.86 and its two-hundred day moving average price is $21.73.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 2.8% during the third quarter. Invesco Ltd. now owns 21,845 shares of the closed-end fund’s stock worth $463,000 after purchasing an additional 592 shares during the period. SMH Capital Advisors Inc. raised its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 5.0% during the fourth quarter. SMH Capital Advisors Inc. now owns 13,741 shares of the closed-end fund’s stock worth $313,000 after purchasing an additional 660 shares during the period. MML Investors Services LLC raised its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 1.6% during the second quarter. MML Investors Services LLC now owns 47,732 shares of the closed-end fund’s stock worth $1,086,000 after purchasing an additional 745 shares during the period. Private Portfolio Partners LLC raised its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 6.9% during the first quarter. Private Portfolio Partners LLC now owns 12,574 shares of the closed-end fund’s stock worth $284,000 after purchasing an additional 810 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 1.1% during the first quarter. HighTower Advisors LLC now owns 89,821 shares of the closed-end fund’s stock worth $2,032,000 after purchasing an additional 981 shares during the period.

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.