Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Raises Dividend to $0.07 Per Share

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) declared a monthly dividend on Friday, November 1st,Wall Street Journal reports. Investors of record on Thursday, November 21st will be given a dividend of 0.0651 per share on Friday, November 29th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date is Thursday, November 21st. This is an increase 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% annually over the last three years.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

ETJ opened at $9.26 on Tuesday. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 1-year low of $7.56 and a 1-year high of $9.60. The firm has a 50-day moving average price of $9.21 and a two-hundred day moving average price of $8.91.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

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.