Eaton Vance Enhanced Equity Income Fund II
EOSFinancial Services · Stock · monthly payer
Forward Yield
8.55%
Annual Dividend
$1.83
Payout Ratio
77%
5-Yr Growth
9.0%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Eaton Vance Enhanced Equity Income Fund II (EOS) yields 8.55% ($1.83 per share annually), with a blended fair-value estimate of $38.54 — +82% upside, so it screens as undervalued. Dividend safety grade: C (60/100). 2 years of dividend growth.
Is EOS a good dividend stock?
Yes, with caveatsEaton Vance Enhanced Equity Income Fund II (EOS) pays a monthly dividend yielding 8.55% ($1.83/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 9.0% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.55%
- Payout Ratio
- 77%
- Annual Dividend
- $1.83
- 5-Yr Avg Growth
- 9.0%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 1.17
- Market Cap
- $1.1B
- P/E Ratio
- 9.0
- 5-Yr Total Return
- -13%
- 52-Week Range
- $19.44 – $24.44
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
EOS Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
+30%
5 Years
-13%
52-Week Range
$19.44 – $24.44
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EOS worth?
Undervaluedlow confidenceOur blended fair-value estimate for Eaton Vance Enhanced Equity Income Fund II is $38.54 per share, versus a market price of $21.13. That implies 82% of upside — a margin of safety of about 45%.
Fair Value
$38.54
Current Price
$21.13
Upside
+82%
Margin of Safety
45%
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 9.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 10.1% discount rate (CAPM), 9.0% stage-1 growth, 2.5% terminal growth, $2.36 EPS, $1.83 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EOS Dividend Safety Score
Borderline
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
Full EOS dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.1520 | regular |
| Aug 14, 2026 | — | $0.1520 | regular |
| Jul 15, 2026 | — | $0.1520 | regular |
| Jun 15, 2026 | — | $0.1520 | regular |
| May 15, 2026 | — | $0.1520 | regular |
| Apr 15, 2026 | — | $0.1520 | regular |
| Mar 16, 2026 | — | $0.1520 | regular |
| Feb 17, 2026 | — | $0.1520 | regular |
| Jan 15, 2026 | — | $0.1520 | regular |
| Dec 15, 2025 | — | $0.1520 | regular |
| Nov 14, 2025 | — | $0.1520 | regular |
| Oct 15, 2025 | — | $0.1520 | regular |
| Sep 15, 2025 | — | $0.1520 | regular |
| Aug 15, 2025 | — | $0.1520 | regular |
Income Calculator
At $1.83 / yr per share
Similar Dividend Stocks
Compare EOS
Explore more
Lists and tools related to EOS
- Monthly dividend stocks →
- Undervalued dividend stocks →
- Financial Services dividend stocks →
- Dividend calendar →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →