Eaton Vance Tax-Advantaged Dividend Income Fund
EVTFinancial Services · Stock · monthly payer
Forward Yield
6.99%
Annual Dividend
$1.98
Payout Ratio
31%
5-Yr Growth
2.6%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) yields 6.99% ($1.98 per share annually), with a blended fair-value estimate of $38.25 — +36% upside, so it screens as undervalued. Dividend safety grade: B (67/100). 2 years of dividend growth.
Is EVT a good dividend stock?
Yes, with caveatsEaton Vance Tax-Advantaged Dividend Income Fund (EVT) pays a monthly dividend yielding 6.99% ($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
- 6.99%
- Payout Ratio
- 31%
- Annual Dividend
- $1.98
- 5-Yr Avg Growth
- 2.6%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 1.02
- 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)
Frequently Asked Questions
EVT Price — Last 12 Months
Daily close
Price Return
1 Year
+14%
3 Years
+46%
5 Years
-4%
52-Week Range
$23.00 – $29.65
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EVT worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Eaton Vance Tax-Advantaged Dividend Income Fund is $38.25 per share, versus a market price of $28.07. That implies 36% of upside — a margin of safety of about 27%.
Fair Value
$38.25
Current Price
$28.07
Upside
+36%
Margin of Safety
27%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 15.4% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.4% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $6.39 EPS, $1.98 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EVT Dividend Safety Score
Safe
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
Full EVT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.1650 | regular |
| Aug 14, 2026 | — | $0.1650 | regular |
| Jul 15, 2026 | — | $0.1650 | regular |
| Jun 15, 2026 | — | $0.1650 | regular |
| May 15, 2026 | — | $0.1650 | regular |
| Apr 15, 2026 | — | $0.1650 | regular |
| Mar 16, 2026 | — | $0.1650 | regular |
| Feb 17, 2026 | — | $0.1650 | regular |
| Jan 15, 2026 | — | $0.1650 | regular |
| Dec 15, 2025 | — | $0.1650 | regular |
| Nov 14, 2025 | — | $0.1650 | regular |
| Oct 15, 2025 | — | $0.1650 | regular |
| Sep 15, 2025 | — | $0.1650 | regular |
| Aug 15, 2025 | — | $0.1650 | regular |
Income Calculator
At $1.98 / yr per share
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