EOI - EOI: Generate A Solid Income With This Option CEF

August, 13 2021 08:56 AM Eaton Vance Enhance Equity Income Fundd Equity Income Fund Shares of Beneficial Interest

Investors are struggling to generate income in the current environment, but this fund provides a solution to that.
The fund uses a covered call-writing strategy, which is one of the safest strategies to generate income.
The fund is heavily exposed to the big tech companies but less so than the S&P 500 index is, so it is probably reasonably safe.
The 6.8% yield appears to be sustainable as the fund is generating more than enough money to cover it.
The fund appears a bit expensive right now based on its historical pricing, so it makes sense to wait for a correction.

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Company Name:	Eaton Vance Enhance Equity Income Fundd Equity Income Fund Shares of Beneficial Interest
Stock Symbol:	EOI
Market:	NYSE