Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) to Issue Monthly Dividend of $0.07

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Friday, May 24th will be given a dividend of 0.0651 per share on Friday, May 31st. This represents a $0.78 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a positive change from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.07.

Eaton Vance Risk-Managed Diversified Equity Income Fund has decreased its dividend payment by an average of 8.7% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of NYSE ETJ traded up $0.05 during midday trading on Thursday, hitting $8.24. The stock had a trading volume of 112,143 shares, compared to its average volume of 180,803. The stock has a 50 day simple moving average of $8.33 and a 200-day simple moving average of $8.04. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1 year low of $7.20 and a 1 year high of $8.47.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.