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

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) declared a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.0651 per share on Friday, May 31st. This represents a $0.78 annualized dividend and a yield of 9.48%. The ex-dividend date is Thursday, May 23rd. This is an increase from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.07.

Eaton Vance Risk-Managed Diversified Equity Income Fund has decreased its dividend by an average of 8.7% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Up 0.6 %

NYSE:ETJ traded up $0.05 during midday trading on Thursday, reaching $8.24. 112,143 shares of the stock traded hands, compared to its average volume of 180,803. The business has a 50-day moving average of $8.33 and a two-hundred day moving average of $8.04. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12-month low of $7.20 and a 12-month high of $8.47.

Eaton Vance Risk-Managed Diversified Equity Income Fund Company Profile

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.