Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) to Issue Monthly Dividend of $0.13

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) announced a monthly dividend on Monday, November 4th, Wall Street Journal reports. Investors of record on Thursday, November 21st will be given a dividend of 0.1338 per share on Friday, November 29th. This represents a $1.61 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date of this dividend is Thursday, November 21st.

Eaton Vance Enhanced Equity Income Fund has increased its dividend by an average of 6.8% per year over the last three years.

Eaton Vance Enhanced Equity Income Fund Price Performance

EOI traded down $0.19 during midday trading on Monday, reaching $20.02. 49,174 shares of the company were exchanged, compared to its average volume of 82,903. Eaton Vance Enhanced Equity Income Fund has a one year low of $15.27 and a one year high of $20.63. The stock’s 50-day simple moving average is $19.81 and its 200 day simple moving average is $19.15.

About Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced 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 seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.