Eaton Vance Risk-Managed Diversified Equity Income Fund to Issue Monthly Dividend of $0.08 (NYSE:ETJ)

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJGet Rating) announced a monthly dividend on Monday, May 2nd, Zacks reports. Investors of record on Tuesday, May 24th will be given a dividend of 0.076 per share on Tuesday, May 31st. This represents a $0.91 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend is Monday, May 23rd.

NYSE:ETJ traded down $0.01 during mid-day trading on Wednesday, hitting $9.25. 500 shares of the stock were exchanged, compared to its average volume of 247,558. The stock’s 50-day moving average price is $9.66. Eaton Vance Risk-Managed Diversified Equity Income Fund has a fifty-two week low of $9.06 and a fifty-two week high of $11.74.

Large investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 24.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 25,642 shares of the company’s stock worth $274,000 after purchasing an additional 5,056 shares during the last quarter. Stifel Financial Corp lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 7.4% during the 4th quarter. Stifel Financial Corp now owns 49,870 shares of the company’s stock worth $533,000 after purchasing an additional 3,427 shares during the last quarter. Royal Bank of Canada lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 10.0% during the 3rd quarter. Royal Bank of Canada now owns 57,000 shares of the company’s stock worth $609,000 after purchasing an additional 5,173 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Eaton Vance Risk-Managed Diversified Equity Income Fund by 12.7% during the 4th quarter. Wells Fargo & Company MN now owns 174,984 shares of the company’s stock worth $1,871,000 after purchasing an additional 19,718 shares during the last quarter.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile (Get Rating)

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.

Further Reading

Dividend History for Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ)

Receive News & Ratings for Eaton Vance Risk-Managed Diversified Equity Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Risk-Managed Diversified Equity Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.