2024-02-13 08:55:23 ET
Summary
- 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.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Eaton Vance Tax-Advantaged Dividend Income Fund ( EVT ) is trading at a sufficiently deep discount to its net asset value per share to hit a 'Buy' level. It was getting quite close in our prior update when it was trading at just over a 6% discount. In fact, it was only being really picky, and for a long-term investor, one probably could have felt comfortable adding at that time. That said, we have now moved to a discount of around 9%, putting it over our target 8% discount level....
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EVT: Discount At A 'Buy' Level