SmarterDividends
ETV

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) Dividend

Eaton Vance Tax-Managed Buy-Write Opportunities Fund · Financial Services · Asset Management · monthly payer

$14.13

Undervalued · +30% Add to Portfolio

As of Nov 5, 2026, Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) pays a monthly dividend, or $1.35 a year, a 9.34% yield at its $14.13 share price. The next ex-dividend date is Nov 16, 2026, paid Nov 30, 2026. It has raised its dividend 2 years in a row and has a dividend safety grade of C.

Forward Yield

9.34%

Annual Dividend

$1.35

Payout Ratio

47%

5-Yr Growth

-2.3%

Ex-Date

Nov 16, 2026

Frequency

Monthly

Key facts about ETV's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has a forward dividend yield of 9.34%, based on an annual dividend of $1.35 per share and a share price of $14.13.
  • As of Nov 5, 2026, ETV's dividend safety grade from SmarterDividends is C (64 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has raised its dividend for 2 consecutive years as of Nov 5, 2026.
  • ETV last cut its regular dividend in 2023.
  • ETV's next ex-dividend date is Nov 16, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 5, 2026, ETV pays out 47% of its trailing 12-month earnings as dividends (its payout ratio).
  • ETV's dividend has shrunk at an average rate of 2.3% a year over the past five years.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for ETV is $18.40 per share, 30% above the $14.13 share price, so ETV screens as undervalued.
  • Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) pays its dividend monthly, 12 times a year.
  • Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has raised its regular dividend 1 time and cut it 4 times across the 196 payments on record since 2005. Its most recent change was a 4.2% increase to $0.0990 per share, going ex-dividend on Apr 22, 2024. The last cut went ex-dividend on Nov 22, 2022.
Cite this page

SmarterDividends, "ETV Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/ETV

Is ETV a good dividend stock?

Yes, with caveats

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) pays a monthly dividend yielding 9.34% ($1.35/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

  • Comfortable payout ratio (47%)

Risks

  • Cut its dividend in 2023
  • Dividend has been shrinking, not growing
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
9.34%
Payout Ratio
47%
Annual Dividend
$1.35
5-Yr Avg Growth
-2.3%
Ex-Dividend Date
Nov 16, 2026
Years of Growth
2
Frequency
monthly
Beta
0.86
Market Cap
$1.6B
P/E Ratio
5.6
5-Yr Total Return
-11%
52-Week Range
$13.13 – $15.49
Dividend Safety
C · 64/100
Ever Cut?
Yes (2023)

ETV dividend raises and cuts

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has raised its regular dividend 1 time and cut it 4 times across the 196 payments on record since 2005. Its most recent change was a 4.2% increase to $0.0990 per share, going ex-dividend on Apr 22, 2024. The last cut went ex-dividend on Nov 22, 2022.

Ex-dateChangeOld → newMove
Apr 22, 2024Raise$0.0950 → $0.0990+4.2%
Nov 22, 2022Cut$0.111 → $0.0950−14.4%
Jan 22, 2013Cut$0.332 → $0.111−66.6%
Dec 21, 2010Cut$0.400 → $0.332−17.0%
Mar 22, 2010Cut$0.475 → $0.400−15.8%
Every ETV payment →Download every raise and cut (CSV)
ETV ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →ETV dividend historyEvery payment, totals by year, raises and cutsView →ETV dividend calculator100 shares pay $135.00 a year, $11.25 each monthCalculate →ETV total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is ETV a good dividend stock?

Yes, with caveats. Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) pays a monthly dividend yielding 9.34% ($1.35/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 ETV undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ETV's fair value is about $18.40 versus a $14.13 share price — so it looks undervalued (+30% vs. fair value).

Is ETV's dividend safe?

ETV has a dividend-safety grade of C (64/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is ETV's fair value?

Our blended fair-value estimate for ETV is about $18.40 per share, roughly 30% above the current $14.13 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is ETV a buy, hold, or sell?

We don't issue formal ratings, but on the data ETV screens as "yes, with caveats" and undervalued. Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) pays a monthly dividend yielding 9.34% ($1.35/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 ETV cut its dividend?

ETV earns a dividend-safety grade of C (64/100), 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 ETV pay a dividend?

Yes. Eaton Vance Tax-Managed Buy-Write Opportunities Fund pays a monthly dividend of about $1.35 per share annually, a forward yield of roughly 9.34%.

How much dividend does 100 shares of ETV pay?

At $1.35 per share a year, 100 shares of ETV pay $135.00 a year in dividends before tax, about $11.25 each month. Buying them costs about $1,413 at the Nov 5, 2026 price.

What is ETV's dividend yield?

As of Nov 5, 2026, ETV's forward dividend yield is 9.34%, based on a $1.35 annual dividend and a $14.13 share price.

What is ETV's dividend per share?

As of Nov 5, 2026, ETV pays $1.35 per share per year, distributed on a monthly basis.

What is ETV's dividend payout ratio?

As of Nov 5, 2026, ETV's payout ratio is 47% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has ETV grown its dividend?

As of Nov 5, 2026, ETV has increased its dividend for 2 consecutive years.

When is the next ETV ex-dividend date?

As of Nov 5, 2026, the next ex-dividend date on record for ETV is Nov 16, 2026.

Income Calculator

At $1.35 / yr per share

Per payment (monthly)$11.25
Annual$135.00
Monthly avg$11.25
Full ETV dividend calculator →

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