Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) Announces Dividend Increase – $0.07 Per Share

Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE:ETJ) declared a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Investors of record on Tuesday, July 23rd will be given a dividend of 0.0651 per share on Wednesday, July 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date is Tuesday, July 23rd. This is an increase from Eaton Vance Risk-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.07.

Eaton Vance Risk-Managed Diversified Equity Income Fund has decreased its dividend by an average of 8.7% annually over the last three years.

Eaton Vance Risk-Managed Diversified Equity Income Fund Trading Up 0.5 %

ETJ traded up $0.04 on Tuesday, hitting $8.86. The company had a trading volume of 106,560 shares, compared to its average volume of 165,853. Eaton Vance Risk-Managed Diversified Equity Income Fund has a 12-month low of $7.20 and a 12-month high of $8.88. The business’s fifty day simple moving average is $8.54 and its 200 day simple moving average is $8.29.

About Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio.