Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) Shares Set to Pay Monthly Dividend of $0.10

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) declared a monthly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be given a dividend of $0.0992 per share by the investment management company on Friday, October 30th. This represents a $1.19 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Thursday, October 15th.

Eaton Vance Tax-Managed Diversified Equity Income Fund Stock Up 0.2%

Shares of ETY stock opened at $14.07 on Friday. Eaton Vance Tax-Managed Diversified Equity Income Fund has a fifty-two week low of $13.12 and a fifty-two week high of $15.91. The firm’s 50 day moving average price is $14.34 and its two-hundred day moving average price is $14.40.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Diversified Equity Income Fund

Several hedge funds have recently modified their holdings of the stock. Vermillion Wealth Management Inc. grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 101.5% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,805 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 909 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the first quarter worth about $69,000. Manchester Financial Inc. purchased a new stake in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the second quarter worth about $151,000. Kestra Private Wealth Services LLC acquired a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund in the first quarter worth about $149,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund in the first quarter valued at about $158,000.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) is a closed-end management investment company that seeks to provide current income and gains while managing the tax consequences associated with its investment strategy. The fund is managed by Eaton Vance Management, an investment management firm within Morgan Stanley Investment Management.

The fund invests primarily in a diversified portfolio of equity securities, including dividend-paying common stocks. Its tax-managed approach is designed to emphasize after-tax returns and may involve strategies intended to manage the timing and character of distributions to shareholders.