Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) to Issue Dividend Increase – $0.12 Per Share

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Monday, November 16th will be paid a dividend of $0.1196 per share by the financial services provider on Monday, November 30th. This represents a $1.44 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Monday, November 16th. This is a 13.0% increase from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.1058.

Eaton Vance Tax-Managed Buy-Write Income Fund Price Performance

Shares of Eaton Vance Tax-Managed Buy-Write Income Fund stock traded up $0.06 on Tuesday, reaching $15.05. 40,630 shares of the company’s stock were exchanged, compared to its average volume of 52,484. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52 week low of $13.86 and a 52 week high of $15.82. The firm’s 50-day moving average is $15.43 and its two-hundred day moving average is $15.31.

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

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol ETB. The fund is designed to provide current income and gains while pursuing a tax-managed investment approach.

The fund invests primarily in a diversified portfolio of common stocks and uses a buy-write, or covered-call, strategy. This involves writing call options on selected securities or broad-based equity indexes against all or part of the underlying portfolio, with the goal of generating option-premium income in addition to income from the portfolio’s investments.

ETB primarily provides exposure to the U.S.