Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Plans Dividend Increase – $0.07 Per Share

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) declared a monthly dividend on Friday, May 1st. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.071 per share on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Thursday, May 14th. This is a 0.6% increase from Eaton Vance Limited Duration Income Fund’s previous monthly dividend of $0.07.

Eaton Vance Limited Duration Income Fund Stock Down 0.9%

Shares of EVV opened at $9.40 on Tuesday. The business’s 50 day moving average is $9.46 and its two-hundred day moving average is $9.79. Eaton Vance Limited Duration Income Fund has a 52-week low of $8.97 and a 52-week high of $10.41.

Hedge Funds Weigh In On Eaton Vance Limited Duration Income Fund

A number of institutional investors have recently made changes to their positions in the business. WealthTrust Asset Management LLC acquired a new position in shares of Eaton Vance Limited Duration Income Fund in the 1st quarter valued at approximately $161,000. Aviance Capital Partners LLC raised its position in shares of Eaton Vance Limited Duration Income Fund by 3.4% in the 1st quarter. Aviance Capital Partners LLC now owns 142,539 shares of the company’s stock valued at $1,347,000 after purchasing an additional 4,629 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of Eaton Vance Limited Duration Income Fund in the 1st quarter valued at approximately $730,000. Chicago Partners Investment Group LLC raised its position in shares of Eaton Vance Limited Duration Income Fund by 1.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,064,177 shares of the company’s stock valued at $10,152,000 after purchasing an additional 13,216 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Eaton Vance Limited Duration Income Fund during the 1st quarter valued at approximately $324,000.

About Eaton Vance Limited Duration Income Fund

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.