SmarterDividends
EOS

Eaton Vance Enhanced Equity Income Fund II

EOS

Financial Services · Asset Management · Stock · monthly payer

$21.57

Undervalued · +108% Add to Portfolio

Forward Yield

8.47%

Annual Dividend

$1.83

Payout Ratio

78%

5-Yr Growth

9.0%

Ex-Date

Oct 15, 2026

Frequency

Monthly

Key facts about EOS's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 14, 2026, Eaton Vance Enhanced Equity Income Fund II (EOS) has a forward dividend yield of 8.47%, based on an annual dividend of $1.83 per share and a share price of $21.57.
  • As of Oct 14, 2026, EOS's dividend safety grade from SmarterDividends is C (60 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Eaton Vance Enhanced Equity Income Fund II (EOS) has raised its dividend for 2 consecutive years as of Oct 14, 2026.
  • EOS last cut its regular dividend in 2023.
  • EOS's next ex-dividend date is Oct 15, 2026, with payment on Oct 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 14, 2026, EOS pays out 78% of its trailing 12-month earnings as dividends (its payout ratio).
  • EOS's dividend has grown at an average rate of 9.0% a year over the past five years.
  • As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for EOS is $44.93 per share, 108% above the $21.57 share price, so EOS screens as undervalued.
  • Eaton Vance Enhanced Equity Income Fund II (EOS) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "EOS Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 14, 2026, https://smarterdividends.com/stocks/EOS

Summary

As of Oct 14, 2026, Eaton Vance Enhanced Equity Income Fund II (EOS) yields 8.47% ($1.83 a year per share), has a dividend safety grade of C (60/100) and has 2 consecutive years of dividend increases on record.

Is EOS a good dividend stock?

Yes, with caveats

Eaton Vance Enhanced Equity Income Fund II (EOS) pays a monthly dividend yielding 8.47% ($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
8.47%
Payout Ratio
78%
Annual Dividend
$1.83
5-Yr Avg Growth
9.0%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
2
Frequency
monthly
Beta
1.17
Market Cap
$1.2B
P/E Ratio
9.2
5-Yr Total Return
-11%
52-Week Range
$19.44 – $24.05
Dividend Safety
C · 60/100
Ever Cut?
Yes (2023)
EOS ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →EOS dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is EOS a good dividend stock?

Yes, with caveats. Eaton Vance Enhanced Equity Income Fund II (EOS) pays a monthly dividend yielding 8.47% ($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.

Is EOS undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, EOS's fair value is about $44.93 versus a $21.57 share price — so it looks undervalued (+108% vs. fair value).

Is EOS's dividend safe?

EOS has a dividend-safety grade of C (60/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is EOS's fair value?

Our blended fair-value estimate for EOS is about $44.93 per share, roughly 108% above the current $21.57 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is EOS a buy, hold, or sell?

We don't issue formal ratings, but on the data EOS screens as "yes, with caveats" and undervalued. Eaton Vance Enhanced Equity Income Fund II (EOS) pays a monthly dividend yielding 8.47% ($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. This is research for your own analysis, not investment advice.

Will EOS cut its dividend?

EOS earns a dividend-safety grade of C (60/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does EOS pay a dividend?

Yes. Eaton Vance Enhanced Equity Income Fund II pays a monthly dividend of about $1.83 per share annually, a forward yield of roughly 8.47%.

What is EOS's dividend yield?

As of Oct 14, 2026, EOS's forward dividend yield is 8.47%, based on a $1.83 annual dividend and a $21.57 share price.

What is EOS's dividend per share?

As of Oct 14, 2026, EOS pays $1.83 per share per year, distributed on a monthly basis.

What is EOS's dividend payout ratio?

As of Oct 14, 2026, EOS's payout ratio is 78% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has EOS grown its dividend?

As of Oct 14, 2026, EOS has increased its dividend for 2 consecutive years.

When is the next EOS ex-dividend date?

As of Oct 14, 2026, the next ex-dividend date on record for EOS is Oct 15, 2026.

Income Calculator

At $1.83 / yr per share

Per payment (monthly)$15.23
Annual$182.80
Monthly avg$15.23

Similar Dividend Stocks

JPMJPMJPMorgan Chase & Co.1.97%Financial ServicesVVVisa Inc.0.68%Financial ServicesMAMAMastercard Incorporated0.58%Financial ServicesBACBACBank of America Corporation2.37%Financial Services

Compare EOS

EOS vs JPMEOS vs VEOS vs MAEOS vs BAC

Explore more

Lists and tools related to EOS