Eaton Vance Tax-Advantaged Dividend Income Fund
About: EATON VANCE TAX ADVANTAGED DIVIDEND INCOME FUND is a diversified, closed-end management investment company. Its objective is to provide a high level of after-tax total return consisting mainly of tax-advantaged dividend income and capital appreciation. The fund pursues its objective by investing in dividend-paying common and preferred stocks. Its portfolio of investments consists of electric utilities, energy equipment and services, food products, health care providers and services, internet software and services, and other areas.
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Funds holding %
of 7,311 funds
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Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
67% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 30
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
1% more funds holding
Funds holding: 131 [Q4 2024] → 132 (+1) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 2 (+0) [Q1 2025]
0.28% less ownership
Funds ownership: 18.42% [Q4 2024] → 18.14% (-0.28%) [Q1 2025]
5% less capital invested
Capital invested by funds: $330M [Q4 2024] → $315M (-$15.7M) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for EVT.
Financial journalist opinion
Based on 3 articles about EVT published over the past 30 days
Neutral
Business Wire
1 week ago
Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their June 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 amount.
Positive
Seeking Alpha
2 weeks ago
EVT: Tax-Advantaged High Yield Available At A Discount
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) pays a monthly distribution yielding 8.5%, trading at a -8.3% discount to NAV. Eaton Vance's conservative management, quality stock selection, and tax-advantaged dividends make EVT ideal for long-term, buy-and-hold retirement portfolios. EVT outperforms peer funds on total return, offers diversification beyond REITs, MLPs, BDCs, and bonds, and provides reliable, growing income.
Positive
Seeking Alpha
4 weeks ago
EVT: 8% Yield, Attractive Discount
Eaton Vance Tax-Advantaged Dividend Income Fund offers an attractive 8.4% yield, tax-advantaged income, and trades at a deeper-than-average 8% discount to NAV, enhancing its appeal. The EVT closed-end fund focuses on value-driven, dividend-paying stocks, with a heavy tilt toward Financials, and has outperformed its benchmark over the long term. Distribution coverage has improved, with no return of capital, and assets have grown, though dividend growth has been modest at 2.54% over five years.
Neutral
Seeking Alpha
1 month ago
7 Closed-End Fund Buys (And 4 Sells) In The Month Of April 2025
April's market volatility, driven by tariffs and led by tech sector declines, created opportunities to deploy cash. However, it was an opportunity to reposition my portfolio as well, with 2 swap trades to de-risk my portfolio. There were 2 corporate actions in the last month that also saw two more positions removed from my CEF portfolio, but overall, I was a net buyer for the month.
Neutral
Seeking Alpha
2 months ago
My Income Portfolio: In The Garden Of Eden
Total Return can be misleading if not supported by NAV growth, as it may include unsustainable distributions and Return of Capital. Behavioral finance shows markets are irrational, making it crucial to consider practical aspects beyond theoretical Total Return calculations. I believe that NAV performance can affect our discretion in the reinvestment choices for the distributions we receive from our savings much more than Total Return.
Neutral
Seeking Alpha
2 months ago
EVT: Attractive Discount Combined With Market Weakness Makes This An Opportunity
I recently added to my Eaton Vance Tax-Advantaged Dividend Income Fund position due to its attractive discount and market downturn. EVT's value-oriented portfolio, with significant exposure to financials, healthcare, and industrials, offers diversification away from tech-heavy indices like the S&P 500. This is a leveraged fund, which adds further volatility and risk that investors should consider before investing.
Positive
Seeking Alpha
2 months ago
EVT: Funding Retirement With Tax-Efficient Dividend Income
I issued an upgrade to my rating for Eaton Vance Tax-Advantaged Dividend Income Fund due to its consistent performance, tax-efficient distribution income, and attractive entry point. EVT's diverse portfolio includes financials, healthcare, industrials, and a 20% exposure to fixed income, providing resilience and stable income through market volatility. EVT trades at a 10.9% discount to NAV, a historically attractive entry point, supported by strong net investment income and realized gains.
Neutral
Seeking Alpha
3 months ago
My Income Portfolio: Financial Awareness
The essence of financial awareness is to realize that money can work for us through our investments. Understanding the value of money is the first step toward financial education, which leads to the selection of the most appropriate tools for developing that awareness. In my case, the instruments I have adopted are largely high-income vehicles, with monthly and, in some cases, quarterly distribution.
Neutral
Business Wire
4 months ago
Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their February 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 amo.
Negative
Seeking Alpha
4 months ago
Very Bad News For Closed-End Funds
Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.
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