Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) Announces Monthly Dividend of $0.16

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:EVT) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.1646 per share by the closed-end fund on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Eaton Vance Tax-Advantaged Dividend Income Fund Stock Performance

Shares of NYSE EVT traded up $0.07 during mid-day trading on Thursday, reaching $27.86. 9,707 shares of the company traded hands, compared to its average volume of 105,606. The company’s fifty day moving average is $26.55 and its two-hundred day moving average is $25.80. Eaton Vance Tax-Advantaged Dividend Income Fund has a fifty-two week low of $23.00 and a fifty-two week high of $27.79.

Hedge Funds Weigh In On Eaton Vance Tax-Advantaged Dividend Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its position in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 17.2% in the second quarter. Raymond James Financial Inc. now owns 829,247 shares of the closed-end fund’s stock valued at $19,985,000 after purchasing an additional 121,415 shares during the period. Joel Isaacson & Co. LLC boosted its holdings in shares of Eaton Vance Tax-Advantaged Dividend Income Fund by 18.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 745,247 shares of the closed-end fund’s stock worth $18,765,000 after buying an additional 115,474 shares during the period. Shaker Financial Services LLC grew its stake in Eaton Vance Tax-Advantaged Dividend Income Fund by 110.1% in the 4th quarter. Shaker Financial Services LLC now owns 171,313 shares of the closed-end fund’s stock valued at $4,314,000 after buying an additional 89,764 shares during the last quarter. PMG Family Office LLC acquired a new position in Eaton Vance Tax-Advantaged Dividend Income Fund in the 3rd quarter valued at $1,904,000. Finally, &PARTNERS raised its holdings in Eaton Vance Tax-Advantaged Dividend Income Fund by 113.9% in the 4th quarter. &PARTNERS now owns 134,105 shares of the closed-end fund’s stock worth $3,377,000 after acquiring an additional 71,413 shares during the period.

About Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) is a closed-end management investment company that seeks to provide shareholders with a high level of tax-advantaged income and the potential for capital appreciation. The fund pursues its investment objective by primarily acquiring dividend-paying equity securities of U.S. and foreign companies, with a focus on businesses that have demonstrated a track record of consistent cash distributions. EVT may also invest in American depositary receipts and other securities that offer favorable tax treatment for U.S.