Dividend Information about Eaton Vance Tax-Managed Buy-Write Income Fund: Everything You Need to Know before its Ex-Dividend Date on Sep 15, 2025

The Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) has announced a cash dividend of $0.1058 per share, set to be paid on Sep 30, 2025. The ex-dividend date for the payout is Sep 15, 2025, and the announcement was made on Sep 2, 2025. This upcoming dividend is lower than the average of the last 10 dividend payments, which stood at $0.163 per share. Investors who wish to receive this dividend must purchase the shares before Sep 15, 2025, as any purchase on or after that date will not qualify for this distribution. The last dividend was issued on Aug 29, 2025, also at $0.1058 per share, with a similar cash dividend structure. The declining trend in dividend payouts suggests potential adjustments in the fund’s income strategy or broader market challenges impacting returns.

Recent market updates indicate that ETB has faced some headwinds, particularly in the context of broader macroeconomic conditions and fund performance. Over the past week, reports have highlighted a challenging 2025 for the Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV), with total returns of only +3.93%, significantly underperforming the S&P 500. This performance has prompted analysts to reassess the fund’s strategy and led to a downgrade in its outlook, citing poor macroeconomic signals and weak execution. As of late, ETB has maintained a monthly dividend schedule with a current yield of 8.46%, and the next ex-dividend date is scheduled for Sep 15, 2025. Despite this steady income stream, concerns persist regarding the fund’s ability to maintain consistent returns amid shifting market dynamics and rising interest rates.

Since the last update, the fund’s structure as a diversified closed-end investment company continues to emphasize public equity markets in the United States, focusing on a broad range of sectors. However, with recent reports highlighting the underperformance of related Eaton Vance funds, investors are increasingly cautious about the fund’s positioning and risk management strategies. Over the past week, discussions have also emerged comparing ETB to similar funds such as the First Trust Enhanced Equity Income Fund (FFA), with some suggesting that a strategic shift or swap might be beneficial. While ETB’s monthly dividend remains a key draw for income-focused investors, the fund’s recent performance and macroeconomic challenges have raised concerns about its long-term sustainability. Investors are advised to closely monitor upcoming reports and earnings updates to gauge whether recent market pressures will impact the fund’s ability to deliver consistent returns.

In conclusion, the Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) remains a key player in the income fund space, offering a monthly cash dividend with a yield of 8.46%. The upcoming dividend payment of $0.1058 per share, set for Sep 30, 2025, will be distributed to shareholders who hold the stock before the ex-dividend date of Sep 15, 2025. Investors are encouraged to note that Sep 15, 2025, is the last day to purchase the stock and qualify for this dividend—any shares acquired on or after that date will not be eligible for this payout.