Eaton Vance Enhanced Equity Income Fund
EOIFinancial Services · Stock · monthly payer
Forward Yield
8.02%
Annual Dividend
$1.61
Payout Ratio
68%
5-Yr Growth
8.3%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Eaton Vance Enhanced Equity Income Fund (EOI) yields 8.02% ($1.61 per share annually), with a blended fair-value estimate of $34.48 — +72% upside, so it screens as undervalued. Dividend safety grade: A (83/100). 2 years of dividend growth.
Is EOI a good dividend stock?
YesEaton Vance Enhanced Equity Income Fund (EOI) pays a monthly dividend yielding 8.02% ($1.61/yr), with 2 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Strong 8.3% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2012
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 8.02%
- Payout Ratio
- 68%
- Annual Dividend
- $1.61
- 5-Yr Avg Growth
- 8.3%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 1.07
- Market Cap
- $818.4M
- P/E Ratio
- 8.5
- 5-Yr Total Return
- 12%
- 52-Week Range
- $18.04 – $21.55
- Dividend Safety
- A · 83/100
- Ever Cut?
- Yes (2012)
Frequently Asked Questions
EOI Price — Last 12 Months
Daily close
Price Return
1 Year
-5%
3 Years
+26%
5 Years
+12%
52-Week Range
$18.04 – $21.55
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EOI worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Eaton Vance Enhanced Equity Income Fund is $34.48 per share, versus a market price of $20.02. That implies 72% of upside — a margin of safety of about 42%.
Fair Value
$34.48
Current Price
$20.02
Upside
+72%
Margin of Safety
42%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 1.3% annual free-cash-flow growth. We model 8.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.7% discount rate (CAPM), 8.3% stage-1 growth, 2.5% terminal growth, $2.36 EPS, $1.61 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EOI Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | — | $0.1340 | regular |
| Jul 15, 2026 | — | $0.1340 | regular |
| Jun 15, 2026 | — | $0.1340 | regular |
| May 15, 2026 | — | $0.1340 | regular |
| Apr 15, 2026 | — | $0.1340 | regular |
| Mar 16, 2026 | — | $0.1340 | regular |
| Feb 17, 2026 | — | $0.1340 | regular |
| Jan 15, 2026 | — | $0.1340 | regular |
| Dec 15, 2025 | — | $0.1340 | regular |
| Nov 14, 2025 | — | $0.1340 | regular |
| Oct 15, 2025 | — | $0.1340 | regular |
| Sep 15, 2025 | — | $0.1340 | regular |
| Aug 15, 2025 | — | $0.1340 | regular |
| Jul 15, 2025 | — | $0.1340 | regular |
Income Calculator
At $1.61 / yr per share
