Eaton Vance Funds Announce March Payouts Ranging $0.0651 to $0.1646 per Share
Eaton Vance’s closed-end funds estimated March payouts, with Enhanced Equity Income Fund distributing $0.1338 per share entirely from long-term gains and Enhanced Equity Income Fund II paying $0.1523 per share, 92.9% from long-term gains. Risk-Managed Fund and Tax-Advantaged Dividend Fund posted payouts of $0.0651 and $0.1646 per share.
1. Distribution Estimates Released
Eaton Vance released estimated sources of March 2026 distributions for its closed-end funds under the managed distribution plan, detailing monthly cash payouts per share and breakdowns into net investment income and capital gains. These estimates guide shareholder expectations but are not final for tax reporting.
2. Enhanced Equity Income Funds
Enhanced Equity Income Fund paid $0.1338 per share entirely from long-term capital gains, delivering a 5-year NAV return of 12.43% and an annualized distribution rate of 7.79%. Enhanced Equity Income Fund II distributed $0.1523 per share, with 92.9% from long-term gains, a 10.04% 5-year NAV return and a 7.81% annualized yield.
3. Risk-Managed Diversified Equity Income Fund
The Risk-Managed Diversified Equity Income Fund reported a $0.0651 per share distribution sourced 100% from long-term gains, achieving a 5-year NAV return of 7.98% and an annualized distribution rate of 8.25%. Its cumulative NAV return for the fiscal year through February was –0.82%.
4. Tax-Advantaged Dividend Income Fund
Tax-Advantaged Dividend Income Fund posted a $0.1646 per share distribution funded 17.8% by net investment income and 82.2% by long-term gains, with a 5-year NAV return of 10.53% and a fiscal year-to-date NAV return of 9.30%. It maintains a distribution rate of 6.91% based on NAV as of February 28, 2026.