SmarterDividends
EOI

Eaton Vance Enhanced Equity Income Fund

EOI

Financial Services · Asset Management · Stock · monthly payer

$19.11

Undervalued · +116% Add to Portfolio

Forward Yield

8.40%

Annual Dividend

$1.61

Payout Ratio

70%

5-Yr Growth

8.3%

Ex-Date

Oct 15, 2026

Frequency

Monthly

Key facts about EOI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 25, 2026, Eaton Vance Enhanced Equity Income Fund (EOI) has a forward dividend yield of 8.40%, based on an annual dividend of $1.61 per share and a share price of $19.11.
  • As of Oct 25, 2026, EOI's dividend safety grade from SmarterDividends is A (81 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Eaton Vance Enhanced Equity Income Fund (EOI) has raised its dividend for 2 consecutive years as of Oct 25, 2026.
  • EOI last cut its regular dividend in 2012.
  • EOI's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.13 per share.
  • As of Oct 25, 2026, EOI pays out 70% of its trailing 12-month earnings as dividends (its payout ratio).
  • EOI's dividend has grown at an average rate of 8.3% a year over the past five years.
  • As of Oct 25, 2026, SmarterDividends' blended fair-value estimate for EOI is $41.26 per share, 116% above the $19.11 share price, so EOI screens as undervalued.
  • Eaton Vance Enhanced Equity Income Fund (EOI) pays its dividend monthly, 12 times a year.
  • Eaton Vance Enhanced Equity Income Fund (EOI) has raised its regular dividend 3 times and cut it 3 times across the 261 payments on record since 2004. Its most recent change was a 21.8% increase to $0.134 per share, going ex-dividend on Apr 22, 2024. The last cut went ex-dividend on Mar 21, 2012.
Cite this page

SmarterDividends, "EOI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 25, 2026, https://smarterdividends.com/stocks/EOI

Summary

As of Oct 25, 2026, Eaton Vance Enhanced Equity Income Fund (EOI) yields 8.40% ($1.61 a year per share), has a dividend safety grade of A (81/100) and has 2 consecutive years of dividend increases on record.

Is EOI a good dividend stock?

Yes

Eaton Vance Enhanced Equity Income Fund (EOI) pays a monthly dividend yielding 8.40% ($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
  • Share price is down over the past 5 years

Key Data

Dividend Yield
8.40%
Payout Ratio
70%
Annual Dividend
$1.61
5-Yr Avg Growth
8.3%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
2
Frequency
monthly
Beta
1.06
Market Cap
$783.5M
P/E Ratio
8.4
5-Yr Total Return
-3%
52-Week Range
$18.04 – $21.09
Dividend Safety
A · 81/100
Ever Cut?
Yes (2012)

EOI dividend raises and cuts

Eaton Vance Enhanced Equity Income Fund (EOI) has raised its regular dividend 3 times and cut it 3 times across the 261 payments on record since 2004. Its most recent change was a 21.8% increase to $0.134 per share, going ex-dividend on Apr 22, 2024. The last cut went ex-dividend on Mar 21, 2012.

Ex-dateChangeOld → newMove
Apr 22, 2024Raise$0.110 → $0.134+21.8%
Aug 23, 2021Raise$0.0900 → $0.110+22.2%
Jan 23, 2019Raise$0.0860 → $0.0900+4.7%
Mar 21, 2012Cut$0.0920 → $0.0860−6.5%
Dec 21, 2010Cut$0.116 → $0.0920−20.7%
Jan 20, 2010Cut$0.137 → $0.116−15.3%
Every EOI payment →Download every raise and cut (CSV)
EOI ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →EOI dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is EOI a good dividend stock?

Yes. Eaton Vance Enhanced Equity Income Fund (EOI) pays a monthly dividend yielding 8.40% ($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.

Is EOI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, EOI's fair value is about $41.26 versus a $19.11 share price — so it looks undervalued (+116% vs. fair value).

Is EOI's dividend safe?

EOI has a dividend-safety grade of A (81/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2012, debt and yield-versus-history.

What is EOI's fair value?

Our blended fair-value estimate for EOI is about $41.26 per share, roughly 116% above the current $19.11 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is EOI a buy, hold, or sell?

We don't issue formal ratings, but on the data EOI screens as "yes" and undervalued. Eaton Vance Enhanced Equity Income Fund (EOI) pays a monthly dividend yielding 8.40% ($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. This is research for your own analysis, not investment advice.

Will EOI cut its dividend?

EOI earns a dividend-safety grade of A (81/100), and has cut its dividend before (last in 2012). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does EOI pay a dividend?

Yes. Eaton Vance Enhanced Equity Income Fund pays a monthly dividend of about $1.61 per share annually, a forward yield of roughly 8.40%.

What is EOI's dividend yield?

As of Oct 25, 2026, EOI's forward dividend yield is 8.40%, based on a $1.61 annual dividend and a $19.11 share price.

What is EOI's dividend per share?

As of Oct 25, 2026, EOI pays $1.61 per share per year, distributed on a monthly basis.

What is EOI's dividend payout ratio?

As of Oct 25, 2026, EOI's payout ratio is 70% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has EOI grown its dividend?

As of Oct 25, 2026, EOI has increased its dividend for 2 consecutive years.

When is the next EOI ex-dividend date?

As of Oct 25, 2026, EOI's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.13 per share.

Income Calculator

At $1.61 / yr per share

Per payment (monthly)$13.42
Annual$161.00
Monthly avg$13.42

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