SmarterDividends
EVT

Eaton Vance Tax-Advantaged Dividend Income Fund

EVT

Financial Services · Asset Management · Stock · monthly payer

$27.89

Undervalued · +58% Add to Portfolio

Forward Yield

7.08%

Annual Dividend

$1.98

Payout Ratio

31%

5-Yr Growth

2.6%

Ex-Date

Oct 15, 2026

Frequency

Monthly

Key facts about EVT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 14, 2026, Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) has a forward dividend yield of 7.08%, based on an annual dividend of $1.98 per share and a share price of $27.89.
  • As of Oct 14, 2026, EVT's dividend safety grade from SmarterDividends is B (67 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) has raised its dividend for 2 consecutive years as of Oct 14, 2026.
  • EVT last cut its regular dividend in 2023.
  • EVT'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, EVT pays out 31% of its trailing 12-month earnings as dividends (its payout ratio).
  • EVT's dividend has grown at an average rate of 2.6% a year over the past five years.
  • As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for EVT is $44.10 per share, 58% above the $27.89 share price, so EVT screens as undervalued.
  • Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) pays its dividend monthly, 12 times a year.
Cite this page

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

Summary

As of Oct 14, 2026, Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) yields 7.08% ($1.98 a year per share), has a dividend safety grade of B (67/100) and has 2 consecutive years of dividend increases on record.

Is EVT a good dividend stock?

Yes, with caveats

Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) pays a monthly dividend yielding 7.08% ($1.98/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (31%)

Risks

  • Cut its dividend in 2023
  • Share price is down over the past 5 years

Key Data

Dividend Yield
7.08%
Payout Ratio
31%
Annual Dividend
$1.98
5-Yr Avg Growth
2.6%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
2
Frequency
monthly
Beta
1.04
Market Cap
$2.1B
P/E Ratio
4.4
5-Yr Total Return
-4%
52-Week Range
$23.00 – $29.65
Dividend Safety
B · 67/100
Ever Cut?
Yes (2023)
EVT ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →EVT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is EVT a good dividend stock?

Yes, with caveats. Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) pays a monthly dividend yielding 7.08% ($1.98/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is EVT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, EVT's fair value is about $44.10 versus a $27.89 share price — so it looks undervalued (+58% vs. fair value).

Is EVT's dividend safe?

EVT has a dividend-safety grade of B (67/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is EVT's fair value?

Our blended fair-value estimate for EVT is about $44.10 per share, roughly 58% above the current $27.89 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is EVT a buy, hold, or sell?

We don't issue formal ratings, but on the data EVT screens as "yes, with caveats" and undervalued. Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) pays a monthly dividend yielding 7.08% ($1.98/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will EVT cut its dividend?

EVT earns a dividend-safety grade of B (67/100), 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 EVT pay a dividend?

Yes. Eaton Vance Tax-Advantaged Dividend Income Fund pays a monthly dividend of about $1.98 per share annually, a forward yield of roughly 7.08%.

What is EVT's dividend yield?

As of Oct 14, 2026, EVT's forward dividend yield is 7.08%, based on a $1.98 annual dividend and a $27.89 share price.

What is EVT's dividend per share?

As of Oct 14, 2026, EVT pays $1.98 per share per year, distributed on a monthly basis.

What is EVT's dividend payout ratio?

As of Oct 14, 2026, EVT's payout ratio is 31% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has EVT grown its dividend?

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

When is the next EVT ex-dividend date?

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

Income Calculator

At $1.98 / yr per share

Per payment (monthly)$16.46
Annual$197.50
Monthly avg$16.46

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