Dividend Buzzer: $0.08 dividends just around the corner for Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) shareholders.

Dividend Buzzer: $0.08 dividends just around the corner for Eaton Vance Tax Managed Diversified Equity Income Fund (NYSE:ETY) shareholders.

Eaton Vance Tax-Managed Diversified Equity Income Fund (NYSE:ETY) is expected to pay $0.08 on Oct 31, 2016. The indicated annual dividend is $1.01. Shareholders owning the stock before Oct 20, 2016 will be eligible to receive the payout. Based on Eaton Vance Tax-Managed Diversified Equity Income Fund’s current price of $10.51, the dividend is 0.80%. This dividend’s record date is Oct 24, 2016 and the announcement date is Oct 4, 2016. The stock increased 1.74% or $0.18 on October 18, hitting $10.51. Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY) has risen 0.19% since March 16, 2016 and is uptrending. It has underperformed by 5.35% the S&P500.

Eaton Vance Tax-Managed Diversified Equity Income Fund is a diversified, closed-end management investment company. The company has a market cap of $1.54 billion. The Fund’s primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. It currently has negative earnings. The Fund invests in a diversified portfolio of common stocks and writes (sells) index call options with respect to a portion of the value of its common stock portfolio to generate current cash flow from the options premium received.

Insitutional Activity: The institutional sentiment decreased to 1.2 in 2016 Q2. Its down 0.51, from 1.71 in 2016Q1. The ratio dived, as 18 funds sold all Eaton Vance Tax Managed Diversified Eq. shares owned while 17 reduced positions. 14 funds bought stakes while 28 increased positions. They now own 23.91 million shares or 13.92% less from 27.78 million shares in 2016Q1.
The California-based Concert Wealth Management Incorporated has invested 0.04% in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY). Advisory Svcs Networks Ltd Liability has 0% invested in the company for 605 shares. Whittier Company has invested 0% of its portfolio in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY). Bb&T Securities Lc last reported 0.01% of its portfolio in the stock. Tci Wealth Advisors Inc reported 1,600 shares or 0.01% of all its holdings. Raymond James Assocs last reported 615,857 shares in the company. Bessemer Gru Inc accumulated 8,500 shares or 0% of the stock. Advsrs Asset Mngmt last reported 0.29% of its portfolio in the stock. Architects Inc has invested 0% of its portfolio in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY). Raymond James Financial Advisors reported 215,274 shares or 0.02% of all its holdings. Commonwealth Equity Serv Incorporated last reported 0.01% of its portfolio in the stock. Moreover, Blue Bell Private Wealth Mngmt Ltd Liability Com has 0% invested in Eaton Vance Tax Managed Diversified Eq. (NYSE:ETY) for 22 shares. Seizert Cap Prtn Limited holds 160,267 shares or 0.06% of its portfolio. M&T Bank & Trust Corporation accumulated 18,938 shares or 0% of the stock. Lpl Fincl Limited Com, a California-based fund reported 248,519 shares.

ETY Company Profile

Eaton Vance Tax-Managed Diversified Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. The Fund invests primarily in a diversified portfolio of common stocks. The Fund will invest at least 80% of its total assets in a combination of dividend paying common stocks, and common stocks the value of which is subject to covered written index call options. It seeks to generate current earnings in part by writing (selling) stock index call options on the S&P 500 Index and investing in dividend-paying common stock. The Fund invests in sectors, such as financials, energy, information technology, industrials, healthcare, consumer staples, telecommunication services, consumer discretionary, materials and utilities.

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