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ETY

Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) Dividend

Eaton Vance Tax-Managed Diversified Equity Income Fund · Financial Services · Asset Management · monthly payer

$13.46

Undervalued · +107% Add to Portfolio

As of Nov 5, 2026, Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) pays a monthly dividend, or $1.31 a year, a 9.47% yield at its $13.46 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

9.47%

Annual Dividend

$1.31

Payout Ratio

43%

5-Yr Growth

3.3%

Ex-Date

Nov 16, 2026

Frequency

Monthly

Key facts about ETY's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) has a forward dividend yield of 9.47%, based on an annual dividend of $1.31 per share and a share price of $13.46.
  • As of Nov 5, 2026, ETY'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 Diversified Equity Income Fund (ETY) has raised its dividend for 2 consecutive years as of Nov 5, 2026.
  • ETY last cut its regular dividend in 2023.
  • ETY'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, ETY pays out 43% of its trailing 12-month earnings as dividends (its payout ratio).
  • ETY's dividend has grown at an average rate of 3.3% a year over the past five years.
  • As of Nov 5, 2026, ETY's 9.47% yield is 17% above its five-year average yield of 8.11%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for ETY is $27.91 per share, 107% above the $13.46 share price, so ETY screens as undervalued.
  • Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) pays its dividend monthly, 12 times a year.
  • Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) has raised its regular dividend 2 times and cut it 5 times across the 190 payments on record since 2007. Its most recent change was a 22.2% 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, "ETY Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/ETY

Is ETY a good dividend stock?

Yes, with caveats

Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) pays a monthly dividend yielding 9.47% ($1.31/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
9.47%
Payout Ratio
43%
Annual Dividend
$1.31
5-Yr Avg Growth
3.3%
Ex-Dividend Date
Nov 16, 2026
Years of Growth
2
Frequency
monthly
Beta
1.00
Market Cap
$2.1B
P/E Ratio
4.8
5-Yr Total Return
-7%
52-Week Range
$13.12 – $15.90
Dividend Safety
C · 64/100
Ever Cut?
Yes (2023)

ETY dividend raises and cuts

Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) has raised its regular dividend 2 times and cut it 5 times across the 190 payments on record since 2007. Its most recent change was a 22.2% 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$0.0810 → $0.0990+22.2%
Nov 22, 2022Cut$0.0930 → $0.0810−12.9%
Aug 23, 2021Raise$0.0840 → $0.0930+10.7%
Jan 22, 2013Cut$0.253 → $0.0840−66.8%
May 22, 2012Cut$0.290 → $0.253−12.8%
Feb 16, 2011Cut$0.406 → $0.290−28.6%
Feb 17, 2010Cut$0.463 → $0.406−12.3%
Every ETY payment →Download every raise and cut (CSV)
ETY ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →ETY dividend historyEvery payment, totals by year, raises and cutsView →ETY dividend calculator100 shares pay $131.00 a year, $10.92 each monthCalculate →ETY total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is ETY a good dividend stock?

Yes, with caveats. Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) pays a monthly dividend yielding 9.47% ($1.31/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 ETY undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ETY's fair value is about $27.91 versus a $13.46 share price — so it looks undervalued (+107% vs. fair value).

Is ETY's dividend safe?

ETY 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 ETY's fair value?

Our blended fair-value estimate for ETY is about $27.91 per share, roughly 107% above the current $13.46 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is ETY a buy, hold, or sell?

We don't issue formal ratings, but on the data ETY screens as "yes, with caveats" and undervalued. Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) pays a monthly dividend yielding 9.47% ($1.31/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 ETY cut its dividend?

ETY 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 ETY pay a dividend?

Yes. Eaton Vance Tax-Managed Diversified Equity Income Fund pays a monthly dividend of about $1.31 per share annually, a forward yield of roughly 9.47%.

How much dividend does 100 shares of ETY pay?

At $1.31 per share a year, 100 shares of ETY pay $131.00 a year in dividends before tax, about $10.92 each month. Buying them costs about $1,346 at the Nov 5, 2026 price.

What is ETY's dividend yield?

As of Nov 5, 2026, ETY's forward dividend yield is 9.47%, based on a $1.31 annual dividend and a $13.46 share price.

What is ETY's dividend per share?

As of Nov 5, 2026, ETY pays $1.31 per share per year, distributed on a monthly basis.

What is ETY's dividend payout ratio?

As of Nov 5, 2026, ETY's payout ratio is 43% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has ETY grown its dividend?

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

When is the next ETY ex-dividend date?

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

Income Calculator

At $1.31 / yr per share

Per payment (monthly)$10.92
Annual$131.00
Monthly avg$10.92
Full ETY dividend calculator →

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