Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Increases Dividend to $0.12 Per Share

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Monday, November 16th will be paid a dividend of $0.1196 per share by the financial services provider on Monday, November 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Monday, November 16th. This is a 13.0% increase from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.1058.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.4%

Shares of ETB stock traded up $0.06 on Tuesday, reaching $15.06. 36,865 shares of the stock were exchanged, compared to its average volume of 52,482. The firm has a 50 day moving average of $15.43 and a two-hundred day moving average of $15.31. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1-year low of $13.86 and a 1-year high of $15.82.

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

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol ETB. The fund is designed to provide current income and gains while pursuing a tax-managed investment approach.

The fund invests primarily in a diversified portfolio of common stocks and uses a buy-write, or covered-call, strategy. This involves writing call options on selected securities or broad-based equity indexes against all or part of the underlying portfolio, with the goal of generating option-premium income in addition to income from the portfolio’s investments.

ETB primarily provides exposure to the U.S.