Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) to Issue Monthly Dividend of $0.10

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) declared a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.099 per share by the investment management company on Tuesday, April 30th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 9.25%. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Eaton Vance Tax-Managed Diversified Equity Income Fund’s previous monthly dividend of $0.08.

Eaton Vance Tax-Managed Diversified Equity Income Fund has decreased its dividend payment by an average of 1.5% per year over the last three years.

Eaton Vance Tax-Managed Diversified Equity Income Fund Price Performance

NYSE ETY opened at $12.84 on Friday. The company’s fifty day simple moving average is $13.12 and its 200-day simple moving average is $12.27. Eaton Vance Tax-Managed Diversified Equity Income Fund has a 52 week low of $10.59 and a 52 week high of $13.47.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ETY. Captrust Financial Advisors acquired a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the second quarter worth $26,000. Tower Research Capital LLC TRC lifted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 3,031.3% during the first quarter. Tower Research Capital LLC TRC now owns 3,006 shares of the investment management company’s stock worth $35,000 after purchasing an additional 2,910 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 811.5% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,573 shares of the investment management company’s stock worth $49,000 after purchasing an additional 3,181 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund by 123.1% during the second quarter. JPMorgan Chase & Co. now owns 6,282 shares of the investment management company’s stock worth $78,000 after purchasing an additional 3,466 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Eaton Vance Tax-Managed Diversified Equity Income Fund during the third quarter worth $124,000.

About Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying stocks of companies.