Eaton Vance Fund Soars 15.74% on Strong Dividend Growth

Generated by AI AgentAinvest Movers Radar
Tuesday, May 13, 2025 5:10 am ET1min read

On May 13, 2025, the

Tax-Managed Global Diversified Equity Income Fund surged by 15.74% in pre-market trading, marking a significant rise in its stock price.

Eaton Vance Tax-Managed Global Diversified Equity Income Fund is a closed-ended equity mutual fund managed by Eaton Vance Management. The fund is designed to provide investors with a diversified portfolio of global equities while managing tax implications.

The fund's dividend yield is 9.45%, with an annual payout of $0.79. The dividend growth rate over the past year has been notable, reflecting the fund's strong performance and commitment to returning value to shareholders.

Technical analysis suggests that the fund's stock price is currently testing support levels, which could indicate a buy signal for investors. The support level is at 8.15, and a break above this level could trigger a buy signal. Conversely, if the stock price tests resistance at 8.49, it could indicate a short signal.

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