Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund operates as a closed-end investment fund. It invests in dividend-paying common and preferred stocks. The company was founded on September 30, 2003 and is headquartered in Boston, MA.

EVT offers a diversified portfolio, including a more hybrid approach to investing in equities and fixed-income allocations. Though the fund tilts to a heavier allocation of equities, and within that sleeve, the fund favors the financial sector, differentiating it from its heavy-tech weighted peers. Capital gains will primarily fund EVT's 7.85% distribution yield, but the Fed cutting rates is beneficial to see their costs of borrowings for leverage ease, which could increase NII coverage.

EVT: Monthly Distribution And Attractive Discount

Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) offers an attractive 8.2% dividend yield and the distributions are issued in a tax efficient manner. The fund's diverse holdings and tax-efficient distributions provide stability and flexibility, suitable for taxable accounts seeking steady income. EVT trades at a 9% discount to NAV, presenting a solid buying opportunity, especially with potential future interest rate cuts serving as growth catalysts.

EVT: Collecting A High Income In A Tax Efficient Manner

The Eaton Vance Tax-Advantaged Dividend Income Fund offers an 8.23% yield, significantly higher than most domestic equity indices, making it appealing for income-focused investors. Despite underperforming the S&P 500 Index in recent months, the fund's high yield and distribution payments provide a real return, offsetting share price declines. The fund primarily invests in dividend-paying common and preferred stocks, including many blue-chips, which may offer diversification and reduced risk.

EVT: Diversification And Safe Haven Benefits

Eaton Vance California Municipal Income Trust

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Eaton Vance New York Municipal Bond Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance National Municipal Opportunities Trust

Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Bond Fund

Eaton Vance Limited Duration Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 11/1/2024 Ex-Date – 11/11/2024 Record – 11/11/2024 Payable – 11/18/2024   Municipal Bond Funds: Fund Ticker   Distribution   Change From Prior Distribution   Closing Market Price – 10/31/24   Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV   $0.0500   -   $10.55   5.69% Eaton Vance Municipal Income Trust EVN   $0.051.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their October distributions (each a “Fund”). This press release is issued as required by the Funds' managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amou.

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Ares Capital

BlackRock Science & Technology

Crescent Capital BDC Inc

Calamos Dynamic Convertible & Income Fund

Calamos Global Total Return Fund

Fidus Investment

Guggenheim Strategic Opportunities Fund

John Hancock Tax-Advantaged Dividend Income Fund

JPMorgan Equity Premium Income ETF

JPMorgan Nasdaq Equity Premium Income ETF

Barings Corporate Investors

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

PIMCO Corporate & Income Opportunity Fund

Global X NASDAQ 100 Covered Call ETF

Cohen & Steers Quality Income Realty Fund

Royce Value Trust

Global X Russell 2000 Covered Call ETF

Special Opportunities Fund Inc

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Cohen & Steers Infrastructure Fund Inc

My portfolio includes CEFs, ETFs, a few BDCs and an ETN, for whose selection I have developed over the years a criterion based mainly on NAV performance. In this article, however, I decided to focus on the price of each security in my portfolio, comparing it with the lows and highs touched throughout its history. An overview of the path each one has taken from launch to current market quotation with a personal assessment of the possible room for maneuver from those values.

My 9.5% Income Portfolio-Fifty Shades Of Blue

Eagle Point Credit

Oxford Lane Capital

Total Return is a percentage measure reflecting the total performance of a fund, incorporating both capital gains and the effect of dividends reinvested over a specific period. Net Asset Value is the value of an investment fund, determined by subtracting liabilities from assets. The fund's per-share NAV is found by dividing NAV by number of shares outstanding. A positive Total Return with a negative NAV performance creates dissonance in my opinion, whereas having both values positive gives a favorable indication of the quality of a fund.

My 9.5% Income Portfolio-The View From The Top

Eaton Vance Tax-Advantaged Dividend Income Fund offers high income without sacrificing equity exposure, providing protection against inflation. The fund boasts an 8.23% distribution yield, increased distribution in April, and invests primarily in dividend-paying common stocks. The fund is almost exclusively invested in common stocks, rather than preferred, which makes sense given the current market conditions.

EVT: This Well-Positioned Fund Can Protect Against Inflation

Eaton Vance Tax-Advantaged Dividend Income Fund continues to trade at an attractive discount, making it a potential buying opportunity. The fund has increased its distribution since our last update, bumping it up over 10% and pays monthly. EVT has put up strong performance since our last update, and provides some further diversification for investors thanks to its value-oriented tilt.

EVT: Wide Discount Continues To Make This Fund An Interesting Prospect

Doubleline Opportunistic Credit Fund

BNY Mellon High Yield Strategies Fund 

DoubleLine Income Solutions Fund

Western Asset Global High Income Fund

Gabelli Dividend & Income Trust

Western Asset High Income Fund

Barings Participation Investors

Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.

Building A 10% Income Portfolio Today

Eaton Vance Tax-Advantaged Dividend Income Fund focuses on income generation for retirement investors. It offers an alternative high yield without the tax drag. EVT invests in dividend-paying companies with potential for growth and offers a current dividend yield of 7.8%. Distributions are on a monthly basis. The fund has a majority weighting in the financials sector and uses derivatives to hedge against sectors or enhance returns.

EVT: Instant Income Gratification At A Significant Discount To NAV

After speculating earlier this year that Eaton Vance would raise its distributions on its equity CEFs, that was finally confirmed last week on April 1. The distribution increases range from 4.6% for ETV to 32.2% for EOS which gets most of the funds back up to their previous distribution levels from 2022.

Eaton Vance Raises Distributions On All Equity CEFs

Surrounded by the smoothness of the Tuscan landscape, I have always thought that the pursuit of harmony in human activities is the first step toward happiness. I also chase a balance in investments, seeking to create a portfolio whose securities provide a steady cash flow over time and grow the nominal capital invested.

My 9% Income Portfolio - Harmony In Investment

Western Asset Investment Grade Income Fund

Hoya Capital High Dividend Yield ETF

The broader market has continued its march higher throughout February, reaching new record highs. Despite the market continuing to move higher, I believe there are still opportunities to put cash to work.

3 Closed-End Fund (Plus An ETF) Buys In The Month Of February 2024

Eaton Vance Tax-Advantaged Dividend Income Fund is now trading at a meaningful discount to put it into 'Buy' territory. EVT benchmarks against the Russell 1000 Value Index and offers heavier exposure to financials, healthcare, industrials, and energy sectors. EVT offers investors a strong monthly distribution, but it will require capital gains, as is the case with most funds that are heavily invested in equities.

EVT: Discount At A 'Buy' Level

Adams Diversified Equity Fund

For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time. Choices about how to deploy the income generated by those instruments are personal and depend on each investor's needs, financial means, and age.

My 9% Income Portfolio-In Search For Happiness

Eaton Vance Tax-Advantaged Dividend Income Fund offers a high level of regular monthly income for income-oriented investors. The fund has seen a 9.76% increase in share price since the last article was published, slightly lower than the S&P 500 Index.

EVT: Solid CEF For Those Willing To Sacrifice Some Total Return For A Lot Of Income

Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

My 9% Income Portfolio-Living Off Dividends

The Eaton Vance Tax-Advantaged Dividend Income Fund aims to provide high current income through dividend-paying stocks, but its 8.74% yield is worse than fixed-income funds. The fund's performance has declined by 9.89% since the last article, underperforming the S&P 500 Index. While the fund has a higher yield than the S&P 500 Index, investors still experienced a loss, making it less appealing.

EVT: May Underperform In Current Environment, But Conservative Strategy Is Nice

Virtus AllianzGI Diversified Income & Convertible Fund

ArrowMark Financial

BlackRock Enhanced Equity Dividend Trust

LMP Capital and Income Fund

abrdn World Healthcare Fund 

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records, pay high distributions, and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 10% Yield (October 2023)

Blackrock Health Sciences Trust

BlackRock Science and Technology Trust II

BlackRock Utilities Infrastructure & Power Opportunities Trust

ClearBridge Energy MLP Fund Inc

Central Securities

European Equity Fund

Franklin Templeton Emerging Markets Fund

Sprott Focus Trust

General American Investors

Gabelli Global Small and Mid Cap Value Trust

Eagle Capital Growth Fund Inc

Gabelli Healthcare & Wellness Trust

abrdn Healthcare Investors 

abrdn Life Sciences Investors 

India Fund Inc

Morgan Stanley India Investment Fund Inc

Mexico Fund

PIMCO Energy and Tactical Credit Opportunities Fund

Income Portfolio - 38 CEFs Worth Exploring

BlackRock Capital Allocation Trust

FS Credit Opportunities Corp

Brookfield Real Assets Income Fund

It's a great time to be an income investor. We have yields averaging 11.1% staring us in the face.

This Monthly-Paying Mini-Portfolio Delivers 11.1% Each Year

Eaton Vance Tax-Advantaged Dividend Income Fund has been trading lower recently, and the fund's discount has been opening up since our last update. EVT has a value-oriented portfolio with a benchmark of the Russell 1000 Value Index, providing a differentiated positioning from tech-heavy funds. EVT's performance has been strong relative to the S&P 500 Index, and it offers a reasonable distribution rate after a reduction last year.

EVT: Discount Opens Up Opportunity For Long-Term Income Investors

Reaves Utility Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Perfection is defined as being complete and correct in every way, and can be pursued in various fields, including art and investing. For years now, I have been employing all my strength in investing in CEFs and ETFs, plus some “flirtations” with ETNs and BDCs. My portfolio is certainly not perfect, but acceptably fulfills the task for which it was designed: namely, to provide me with a steady stream of dividends over time.

My 9% Income Portfolio - Nobody Is Perfect

Arbor Realty Trust

Archer-Daniels-Midland Company

Air Products and Chemicals

Carrier Global

Clorox

Cummins

Dover

Emerson Electric

Enterprise Products Partners

EPR Properties

Equinix

General Mills

Goldman Sachs

Honeywell

Helmerich & Payne

Hormel Foods

Iron Mountain

McDonald's

Altria

Nordson

Realty Income Corp

Old Republic International

Otis Worldwide

Parker-Hannifin

The Taxable Account generated $2,111.31 of dividend income for June 2023 compared with $1,825.40 of dividend income for June 2022. The Taxable Account had a balance of $533.9K as of June 30, 2023, vs. $493.5K on June 30, 2022. The annualized cost basis yield is 5.44%. Five companies in the Taxable portfolio paid increased dividends or paid a special dividend during the month of June.

The Retirees' Dividend Portfolio: John And Jane's June 2023 Taxable Account Update

News for Eaton Vance Tax-Advantaged Dividend Income Fund ETF (EVT)