EVT - EVT: Wide Discount Continues To Make This Fund An Interesting Prospect
2024-06-03 09:21:41 ET
Summary
- 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.
Written by Nick Ackerman, co-produced by Stanford Chemist
Eaton Vance Tax-Advantaged Dividend Income Fund ( EVT ) is a closed-end fund that provides investors with exposure to a more value-oriented portfolio. This is thanks to the fund's benchmark being the Russell 1000 Value Index. EVT focuses on equities but also holds some fixed-income exposure. The fund is also leveraged, but at a relatively modest amount compared to some other CEFs....
EVT: Wide Discount Continues To Make This Fund An Interesting Prospect