Eaton Vance Tax-Managed Diversified Equity Income Fund
ETYFinancial Services · Stock · monthly payer
Forward Yield
8.35%
Annual Dividend
$1.19
Payout Ratio
43%
5-Yr Growth
3.3%
Ex-Date
Jul 15, 2026
Frequency
Monthly
Summary
As of July 2026, Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) yields 8.35% ($1.19 per share annually), with a blended fair-value estimate of $27.84 — +95% upside, so it screens as undervalued. Dividend safety grade: C (62/100). 2 years of dividend growth.
Is ETY a good dividend stock?
Yes, with caveatsEaton Vance Tax-Managed Diversified Equity Income Fund (ETY) pays a monthly dividend yielding 8.35% ($1.19/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 (43%)
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
- 8.35%
- Payout Ratio
- 43%
- Annual Dividend
- $1.19
- 5-Yr Avg Growth
- 3.3%
- Ex-Dividend Date
- Jul 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.98
- Market Cap
- $2.3B
- P/E Ratio
- 5.1
- 5-Yr Total Return
- -2%
- 52-Week Range
- $13.12 – $16.03
- Dividend Safety
- C · 62/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
ETY Price — Last 12 Months
Daily close
Price Return
1 Year
-10%
3 Years
+17%
5 Years
-2%
52-Week Range
$13.12 – $16.03
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ETY worth?
Undervaluedlow confidenceOur blended fair-value estimate for Eaton Vance Tax-Managed Diversified Equity Income Fund is $27.84 per share, versus a market price of $14.25. That implies 95% of upside — a margin of safety of about 49%.
Fair Value
$27.84
Current Price
$14.25
Upside
+95%
Margin of Safety
49%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.2% discount rate (CAPM), 3.3% stage-1 growth, 2.5% terminal growth, $2.78 EPS, $1.19 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ETY 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.0990 | regular |
| Jun 15, 2026 | — | $0.0990 | regular |
| May 15, 2026 | — | $0.0990 | regular |
| Apr 15, 2026 | — | $0.0990 | regular |
| Mar 16, 2026 | — | $0.0990 | regular |
| Feb 17, 2026 | — | $0.0990 | regular |
| Jan 15, 2026 | — | $0.0990 | regular |
| Dec 15, 2025 | — | $0.0990 | regular |
| Nov 14, 2025 | — | $0.0990 | regular |
| Oct 15, 2025 | — | $0.0990 | regular |
| Sep 15, 2025 | — | $0.0990 | regular |
| Aug 15, 2025 | — | $0.0990 | regular |
| Jul 15, 2025 | — | $0.0990 | regular |
| Jun 16, 2025 | — | $0.0990 | regular |
Income Calculator
At $1.19 / yr per share
