Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) to Issue Monthly Dividend of $0.11 on May 29th

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.1058 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Friday, May 15th.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.2%

Shares of NYSE ETB traded up $0.04 on Wednesday, reaching $15.40. 15,446 shares of the company traded hands, compared to its average volume of 55,084. Eaton Vance Tax-Managed Buy-Write Income Fund has a fifty-two week low of $13.58 and a fifty-two week high of $15.60. The company has a 50 day moving average of $14.99 and a 200 day moving average of $15.16.

Eaton Vance Tax-Managed Buy-Write Income Fund Company Profile

The Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end management investment company that seeks to provide a high level of after-tax total return. The fund primarily invests in a portfolio of U.S. common stocks, focusing on large-capitalization companies with established dividend records. To enhance income and manage risk, ETB employs a covered call, or “buy-write,” strategy, writing call options on selected equity holdings to generate premium income.

Under its tax-managed approach, the fund aims to reduce the tax impact of distributions by employing option overlay techniques alongside traditional equity selection.