The Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE: EVT) has recently surpassed its 50-day moving average, a significant milestone in its trading activity. On Friday, the fund’s shares traded as high as $25.34, exceeding the 50-day moving average of $24.44. The last recorded price was $25.2710, with a trading volume of 216,894 shares.
Stock Performance Analysis
The recent performance of Eaton Vance’s shares indicates a positive trend, as the stock’s 50-day moving average stands at $24.44, while the two-hundred-day moving average is slightly lower at $24.26. This upward movement in share price may prompt investors to consider their positions in the fund.
In addition to its stock performance, the fund has also declared a monthly dividend. Stockholders of record on December 15, 2023, received a dividend of $0.1646 per share, which was paid on December 31, 2023. The ex-dividend date was also December 15, 2023. This translates to an annualized dividend yield of 7.8%, appealing to income-focused investors.
About Eaton Vance Tax-Advantaged Dividend Income Fund
The Eaton Vance Tax-Advantaged Dividend Income Fund is a closed-end management investment company that aims to provide shareholders with a high level of tax-advantaged income and opportunities for capital appreciation. The fund primarily invests in dividend-paying equity securities from both U.S. and foreign companies, focusing on those with a history of reliable cash distributions. Additionally, it may include American depositary receipts and other securities that offer favorable tax treatment for U.S. investors.
As the fund continues to navigate the market, the recent increase in share price and dividend announcement may influence investor sentiment and strategies for those holding or considering an investment in EVT.
