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

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) declared a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.099 per share by the investment management company on Tuesday, April 30th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 9.25%. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.08.

Eaton Vance Tax-Managed Diversified Equity Income Fund has decreased its dividend payment by an average of 1.5% annually over the last three years.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

Shares of ETY stock opened at $12.84 on Friday. The stock’s 50-day simple moving average is $13.12 and its 200-day simple moving average is $12.26. Eaton Vance Tax-Managed Diversified Equity Income Fund has a fifty-two week low of $10.59 and a fifty-two week high of $13.47.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Comerica Bank acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the third quarter worth about $1,322,000. Royal Bank of Canada grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 43.2% during the first quarter. Royal Bank of Canada now owns 308,988 shares of the investment management company’s stock worth $4,316,000 after acquiring an additional 93,286 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Eaton Vance Tax-Managed Diversified Equity Income Fund during the second quarter worth about $975,000. Wells Fargo & Company MN grew its holdings in Eaton Vance Tax-Managed Diversified Equity Income Fund by 6.6% during the second quarter. Wells Fargo & Company MN now owns 1,280,622 shares of the investment management company’s stock worth $14,510,000 after acquiring an additional 79,145 shares during the period. Finally, Lido Advisors LLC purchased a new position in Eaton Vance Tax-Managed Diversified Equity Income Fund during the first quarter worth approximately $938,000.

Eaton Vance Tax-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Tax-Managed Diversified Equity 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 diversified sectors. The fund primarily invests in dividend paying stocks of companies.