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

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.1646 per share by the closed-end fund on Wednesday, April 30th. This represents a $1.98 annualized dividend and a dividend yield of 8.44%. The ex-dividend date is Tuesday, April 15th.

Eaton Vance Tax-Advantaged Dividend Income Fund has decreased its dividend by an average of 0.8% annually over the last three years.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

EVT traded up $0.18 during trading on Wednesday, hitting $23.41. The stock had a trading volume of 82,626 shares, compared to its average volume of 117,163. Eaton Vance Tax-Advantaged Dividend Income Fund has a twelve month low of $22.29 and a twelve month high of $25.83. The company’s 50-day moving average price is $23.88 and its 200 day moving average price is $24.33.

Insider Transactions at Eaton Vance Tax-Advantaged Dividend Income Fund

In related news, insider Keith Quinton bought 8,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of $24.24 per share, with a total value of $193,920.00. Following the completion of the acquisition, the insider now owns 8,000 shares in the company, valued at approximately $193,920. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 9,350 shares of company stock valued at $224,367 in the last ninety days.

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.