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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) announced a monthly dividend on Friday, August 2nd, Wall Street Journal reports. Stockholders of record on Thursday, August 22nd will be given a dividend of 0.0651 per share on Friday, August 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date of this dividend is Thursday, August 22nd.

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.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Down 1.3 %

NYSE:ETJ traded down $0.11 during mid-day trading on Friday, hitting $8.68. 224,664 shares of the company’s stock were exchanged, compared to its average volume of 166,528. The company has a 50 day simple moving average of $8.76 and a 200-day simple moving average of $8.45. Eaton Vance Risk-Managed Diversified Equity Income Fund has a fifty-two week low of $7.20 and a fifty-two week high of $9.03.

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.