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

About Eaton Vance Tax-Managed Diversified Equity Income Fund

The Eaton Vance Tax-Managed Diversified Equity Income Fund is a closed-end equity fund, overseen by Eaton Vance Management. Its investment strategy focuses on public equity markets worldwide, targeting companies across a variety of sectors, with a particular emphasis on those that pay dividends. To generate additional current income, the fund also sells S&P 500 Index call options on a portion of its common stock holdings, profiting from the premiums collected. Geographically, it typically allocates capital to issuers in a minimum of three countries, including the United States. Furthermore, derivatives are utilized as part of its investment toolkit. Its performance is measured against a composite benchmark, consisting of 80% S&P 500 Index and 20% FTSE Eurotop 100 Index. Established on November 30, 2006, the fund is domiciled in the United States.

Eaton Vance Tax-Managed Diversified Equity Income Fund is headquartered in US.

Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) stock trades at $14.55 with a market capitalization of $2.32B. The stock is valued at a price-to-earnings (P/E) ratio of 5.23, price-to-book of 0.93, price-to-sales of 13.29. Over the past 52 weeks the stock has ranged between $13.12 and $16.03, and currently trades 9.2% below its 52-week high. It pays a dividend yielding 8.18%.

On profitability, Eaton Vance Tax-Managed Diversified Equity Income Fund generates a return on equity (ROE) of 17.69%, above the typical market range of roughly 12-15%, return on capital employed of 19.74%, an operating margin of 280.97%, a net profit margin of 252.23%.

Official website: funds.eatonvance.com/Tax-Managed-Diversified-Equity-Income-Fund-ETY.php