Is EVT a good buy for long term investment at moderate risk

**Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) presents a compelling case for long-term investment at moderate risk**, based on the following analysis:

1. **Attractive Dividend Yield**: EVT offers a high dividend yield of 7.72% as of July 19, 2024. This is a strong incentive for income-focused investors, especially in a market environment where high yields are hard to find.

2. **Moderate P/E Ratio**: The P/E ratio for EVT is not available, which could indicate that the stock is not overvalued or that it is fairly priced. A moderate P/E ratio would suggest that the stock is not excessively expensive relative to its earnings, which is a positive sign for long-term investors.

3. **Reasonable Price-to-Book Ratio**: With a Price-to-Book ratio of 0.93 as of July 19, 2024, EVT appears to be trading at a discount to its book value. This could be an opportunity for investors who believe in the underlying value of the companies held by the fund.

4. **Low Debt-to-Equity Ratio**: The Debt-to-Equity ratio of 24.76% as of June 30, 2024, suggests that EVT has a healthy capital structure with a low level of debt. This reduces the risk of default and makes it more likely that the fund can weather economic downturns.

5. **Stable Free Cash Flow**: The Free Cash Flow of EVT has been positive, with $9.72 million as of June 30, 2024. This is a positive sign of the fund's ability to generate cash to support its operations and potentially increase dividends over time.

|Ticker|Name|Free Cash Flow|Date|code|market_code|
|---|---|---|---|---|---|
|EVT.N|Eaton Vance Tax-Advantaged Dividend Income Fund|3.97976082E8|2022 Q4|EVT|169|
|EVT.N|Eaton Vance Tax-Advantaged Dividend Income Fund|1.4050898E7|2023 Q2|EVT|169|
|EVT.N|Eaton Vance Tax-Advantaged Dividend Income Fund|3.7127343E7|2023 Q4|EVT|169|
|EVT.N|Eaton Vance Tax-Advantaged Dividend Income Fund|9722964|2024 Q2|EVT|169|

6. **Strong Fund Management**: The fund is managed by Aaron Dunn, CFA, Brad Galko, CFA, and Derek J.V. DiGregorio, all of whom have extensive experience in investment management. This experienced team is likely to make informed decisions that can mitigate risks and maximize returns over the long term.
7. **Tax-Advantaged Structure**: As a tax-advantaged fund, EVT has the potential to offer tax-efficient growth and income. This can be a significant advantage for investors who are sensitive to the tax implications of their investments.

In conclusion, EVT appears to be a good buy for long-term investment at moderate risk, given its attractive dividend yield, reasonable valuation metrics, low debt levels, and experienced management team. However, investors should always consider their own risk tolerance, investment goals, and the broader market conditions before making investment decisions.