Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Raises Dividend to $0.07 Per Share

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) announced a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.065 per share on Tuesday, April 30th. This represents a $0.78 annualized dividend and a dividend yield of 9.49%. The ex-dividend date is Monday, April 22nd. This is a positive change from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.06.

Eaton Vance Risk-Managed Diversified Equity Income Fund has decreased its dividend payment by an average of 8.7% annually over the last three years.

Eaton Vance Risk-Managed Diversified Equity Income Fund Stock Performance

Shares of ETJ opened at $8.22 on Friday. The firm has a 50 day simple moving average of $8.34 and a two-hundred day simple moving average of $8.00. Eaton Vance Risk-Managed Diversified Equity Income Fund has a one year low of $7.20 and a one year high of $8.47.

Hedge Funds Weigh In On Eaton Vance Risk-Managed Diversified Equity Income Fund

A number of institutional investors have recently modified their holdings of ETJ. Jane Street Group LLC acquired a new stake in Eaton Vance Risk-Managed Diversified Equity Income Fund in the fourth quarter valued at about $83,000. Retirement Group LLC boosted its stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund by 60.5% in the 4th quarter. Retirement Group LLC now owns 11,365 shares of the company’s stock valued at $85,000 after purchasing an additional 4,285 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter valued at approximately $98,000. MML Investors Services LLC bought a new stake in shares of Eaton Vance Risk-Managed Diversified Equity Income Fund during the 1st quarter valued at approximately $105,000. Finally, Susquehanna International Group LLP acquired a new position in Eaton Vance Risk-Managed Diversified Equity Income Fund during the 4th quarter worth approximately $118,000.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

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.