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Eaton Vance Tax-Advantaged Dividend Income Fund Offers 8% Yield and Attractive Discount
ByAinvest
Sunday, Jun 8, 2025 9:16 am ET1min read
The Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) offers an 8% yield and is considered an attractive investment due to its value-driven approach and focus on dividend-paying stocks. As a tax-advantaged fund, it aims to provide investors with a high income while minimizing tax liabilities.
The Eaton Vance Tax-Advantaged Dividend Income Fund (EVT), listed on the NYSE, recently declared a dividend of $0.1646 per share [1]. This announcement follows a 52-week low price of $20.80 on April 5, 2025, and another dividend declaration of $0.1646 per share on April 1, 2025 [1].The stock price of EVT has shown resilience, gaining 1.86% since May 27, 2025 [2]. On June 6, 2025, the stock price rose by 0.695%, reaching $20.27 from $20.13. The stock has been on a short-term rising trend, with a projected 12.56% increase over the next three months, according to a recent analysis [2].
The fund's performance is attributed to its value-driven approach and focus on dividend-paying stocks. EVT aims to provide investors with a high income while minimizing tax liabilities through its tax-advantaged structure. The fund's 8% yield makes it an attractive option for income-focused investors [3].
The fund's quarterly distribution plan, managed by the fund's advisors, ensures a consistent income stream for shareholders. The fund declared quarterly distributions of $0.2500 per share for the John Hancock Diversified Income Fund and $0.6500 per share for the John Hancock Financial Opportunities Fund [3].
Investors should monitor the fund's performance closely, as it continues to demonstrate positive trends. The fund's recent dividend declaration and stock price performance indicate its potential as a stable income investment. However, as with any investment, it is essential to consider the fund's risks and charges before making a decision.
References:
[1] https://www.dividendinvestor.com/dividend-news/20250602/eaton-vance-tax-advantaged-dividend-income-fund-nyse-evt-declared-a-dividend-of-$0.1646-per-share/
[2] https://stockinvest.us/stock/ETG
[3] https://finance.yahoo.com/news/john-hancock-closed-end-funds-201900643.html
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