Eaton Vance Short Duration Diversified Income Fund Reduces Monthly Dividend by 2.7%
The Eaton Vance Short Duration Diversified Income Fund (EVG) has announced a reduction in its monthly dividend to $0.071 per share, marking a -2.7% decrease from the previous payout of $0.073. This adjustment reflects potential challenges within the fund's income-generating assets or broader market conditions affecting fixed-income investments. The new dividend is payable on October 30 for shareholders recorded as of October 15, with an ex-dividend date also set for October 15. The forward yield based on this reduced payout stands at approximately 8.58%, which may influence investor sentiment and fund performance expectations.
Tickers: $EVG
Topics: dividend income fund