Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) to Issue Dividend Increase – $0.16 Per Share

Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.1629 per share on Monday, November 30th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Monday, November 16th. This is a 7.0% increase from Eaton Vance Enhanced Equity Income Fund II’s previous monthly dividend of $0.1523.

Eaton Vance Enhanced Equity Income Fund II Stock Up 0.6%

EOS stock traded up $0.12 during midday trading on Tuesday, hitting $20.31. 81,441 shares of the stock traded hands, compared to its average volume of 133,880. Eaton Vance Enhanced Equity Income Fund II has a 1-year low of $19.44 and a 1-year high of $23.78. The stock’s fifty day simple moving average is $21.19 and its 200-day simple moving average is $21.72.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund II

A number of large investors have recently added to or reduced their stakes in EOS. Roman Butler Fullerton & Co. purchased a new stake in Eaton Vance Enhanced Equity Income Fund II during the 3rd quarter worth approximately $1,850,000. Integrated Capital Management Inc. purchased a new position in shares of Eaton Vance Enhanced Equity Income Fund II in the second quarter valued at approximately $380,000. Royal Bank of Canada lifted its position in shares of Eaton Vance Enhanced Equity Income Fund II by 4.5% in the first quarter. Royal Bank of Canada now owns 366,367 shares of the company’s stock valued at $7,496,000 after acquiring an additional 15,912 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in shares of Eaton Vance Enhanced Equity Income Fund II by 49.5% in the second quarter. Ameritas Advisory Services LLC now owns 28,734 shares of the company’s stock valued at $633,000 after acquiring an additional 9,517 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in shares of Eaton Vance Enhanced Equity Income Fund II by 14.9% in the first quarter. Kestra Advisory Services LLC now owns 66,383 shares of the company’s stock worth $1,358,000 after acquiring an additional 8,597 shares during the last quarter.

Eaton Vance Enhanced Equity Income Fund II Company Profile

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of mid-cap and large-cap companies. It generates current earnings from option premiums by selling covered call options on a substantial portion of its portfolio. The fund benchmarks the performance of its portfolio against the Russell 1000 Growth Index, the CBOE S&P 500 BuyWrite Index, and the CBOE NASDAQ-100 BuyWrite Index.