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EVT

Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) Dividend

Eaton Vance Tax-Advantaged Dividend Income Fund · Financial Services · Asset Management · monthly payer

$26.79

Undervalued · +106% Add to Portfolio

As of Nov 9, 2026, Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) pays a monthly dividend, or $2.28 a year, a 8.51% yield at its $26.79 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

8.51%

Annual Dividend

$2.28

Payout Ratio

31%

5-Yr Growth

2.6%

Ex-Date

Nov 16, 2026

Frequency

Monthly

Key facts about EVT's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 9, 2026, Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) has a forward dividend yield of 8.51%, based on an annual dividend of $2.28 per share and a share price of $26.79.
  • As of Nov 9, 2026, EVT's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) has raised its dividend for 2 consecutive years as of Nov 9, 2026.
  • EVT last cut its regular dividend in 2023.
  • EVT'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 9, 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 Nov 9, 2026, EVT's 8.51% yield is 11% above its five-year average yield of 7.65%.
  • As of Nov 9, 2026, SmarterDividends' blended fair-value estimate for EVT is $55.09 per share, 106% above the $26.79 share price, so EVT screens as undervalued.
  • Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) pays its dividend monthly, 12 times a year.
  • Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) has raised its regular dividend 13 times and cut it 2 times across the 274 payments on record since 2003. Its most recent change was a 10.7% increase to $0.165 per share, going ex-dividend on Apr 22, 2024. The last cut went ex-dividend on Nov 22, 2022.
Cite this page

SmarterDividends, "EVT Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 9, 2026, https://smarterdividends.com/stocks/EVT

Is EVT a good dividend stock?

Yes, with caveats

Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) pays a monthly dividend yielding 8.51% ($2.28/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 (31%)

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
8.51%
Payout Ratio
31%
Annual Dividend
$2.28
5-Yr Avg Growth
2.6%
Ex-Dividend Date
Nov 16, 2026
Years of Growth
2
Frequency
monthly
Beta
1.03
Market Cap
$2.0B
P/E Ratio
4.2
5-Yr Total Return
-4%
52-Week Range
$23.00 – $29.65
Dividend Safety
C · 65/100
Ever Cut?
Yes (2023)

EVT dividend raises and cuts

Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) has raised its regular dividend 13 times and cut it 2 times across the 274 payments on record since 2003. Its most recent change was a 10.7% increase to $0.165 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$0.149 → $0.165+10.7%
Nov 22, 2022Cut$0.163 → $0.149−8.6%
Aug 23, 2021Raise$0.145 → $0.163+12.4%
Jul 22, 2015Raise$0.116 → $0.145+25.0%
May 21, 2014Raise$0.108 → $0.116+7.4%
Dec 20, 2013Raise$0.107 → $0.108+0.9%
Sep 19, 2013Raise$0.107 → $0.108+0.9%
Dec 20, 2012Raise$0.107 → $0.108+0.9%
Dec 29, 2008Cut$0.152 → $0.108−28.9%
Apr 19, 2007Raise$0.133 → $0.152+14.3%
May 22, 2006Raise$0.123 → $0.133+8.1%
Oct 20, 2005Raise$0.118 → $0.123+4.2%
Show all 15 changes since 2004
Ex-dateChangeOld → newMove
Aug 22, 2005Raise$0.113 → $0.118+4.4%
Dec 16, 2004Raise$0.110 → $0.113+2.7%
Sep 22, 2004Raise$0.108 → $0.110+1.9%
Every EVT payment →Download every raise and cut (CSV)
EVT ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →EVT dividend historyEvery payment, totals by year, raises and cutsView →EVT dividend calculator100 shares pay $228.00 a year, $19.00 each monthCalculate →EVT total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

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 8.51% ($2.28/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 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 $55.09 versus a $26.79 share price — so it looks undervalued (+106% vs. fair value).

Is EVT's dividend safe?

EVT has a dividend-safety grade of C (65/100), 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 $55.09 per share, roughly 106% above the current $26.79 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 8.51% ($2.28/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 EVT cut its dividend?

EVT earns a dividend-safety grade of C (65/100), 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 $2.28 per share annually, a forward yield of roughly 8.51%.

How much dividend does 100 shares of EVT pay?

At $2.28 per share a year, 100 shares of EVT pay $228.00 a year in dividends before tax, about $19.00 each month. Buying them costs about $2,679 at the Nov 9, 2026 price.

What is EVT's dividend yield?

As of Nov 9, 2026, EVT's forward dividend yield is 8.51%, based on a $2.28 annual dividend and a $26.79 share price.

What is EVT's dividend per share?

As of Nov 9, 2026, EVT pays $2.28 per share per year, distributed on a monthly basis.

What is EVT's dividend payout ratio?

As of Nov 9, 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 Nov 9, 2026, EVT has increased its dividend for 2 consecutive years.

When is the next EVT ex-dividend date?

As of Nov 9, 2026, the next ex-dividend date on record for EVT is Nov 16, 2026.

Income Calculator

At $2.28 / yr per share

Per payment (monthly)$19.00
Annual$228.00
Monthly avg$19.00
Full EVT dividend calculator →

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