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

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.1058 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Down 1.0%

Shares of ETB opened at $15.57 on Wednesday. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52 week low of $13.86 and a 52 week high of $15.82. The stock has a 50 day moving average of $15.50 and a 200-day moving average of $15.27.

Eaton Vance Tax-Managed Buy-Write Income Fund Company Profile

The Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end management investment company that seeks to provide a high level of after-tax total return. The fund primarily invests in a portfolio of U.S. common stocks, focusing on large-capitalization companies with established dividend records. To enhance income and manage risk, ETB employs a covered call, or “buy-write,” strategy, writing call options on selected equity holdings to generate premium income.

Under its tax-managed approach, the fund aims to reduce the tax impact of distributions by employing option overlay techniques alongside traditional equity selection.