Eaton Vance Tax-Managed Buy-Write Income Fund (ETB) to Issue Monthly Dividend of $0.11 on May 29th

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.1058 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Friday, May 15th.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.3%

Shares of NYSE:ETB traded up $0.05 on Wednesday, hitting $15.41. The company had a trading volume of 13,865 shares, compared to its average volume of 55,042. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1 year low of $13.58 and a 1 year high of $15.60. The firm’s 50-day simple moving average is $14.99 and its two-hundred day simple moving average is $15.16.

Eaton Vance Tax-Managed Buy-Write Income Fund Company Profile

The Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end management investment company that seeks to provide a high level of after-tax total return. The fund primarily invests in a portfolio of U.S. common stocks, focusing on large-capitalization companies with established dividend records. To enhance income and manage risk, ETB employs a covered call, or “buy-write,” strategy, writing call options on selected equity holdings to generate premium income.

Under its tax-managed approach, the fund aims to reduce the tax impact of distributions by employing option overlay techniques alongside traditional equity selection.