EVT Research | Milton Maxwell

EVT

Eaton Vance Tax-Advantaged Dividend Income Fund

24.51

-0.13-0.53%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

1.87B

P/E (TTM)

35.52

Basic EPS (TTM)

0.69

Dividend Yield

0.08%

Recent Filings

8-K

New board chairperson appointed

8/28/25Aug 28, 2025

Eaton Vance Tax-Advantaged Dividend Income Fund appointed Scott E. Wennerholm as Board Chairperson effective August 27, 2025, for a four-year term. He replaces Susan J. Sutherland, who acted in the role since August 9, 2025, after the prior chairperson's passing. This stabilizes leadership amid recent transition. Wennerholm brings deep fund governance experience.

8-K

Fund chair passes away

8/14/25Aug 14, 2025

Eaton Vance Tax-Advantaged Dividend Income Fund disclosed the unexpected death of Chairperson Mark R. Fetting on August 9, 2025. Susan J. Sutherland stepped in as acting Chairperson, while the Board shrank from ten to nine members effective August 12. This abrupt transition tests the Fund's governance stability amid ongoing operations.

8-K

By-laws amendment removes control restrictions

10/10/24Oct 10, 2024

Eaton Vance Tax-Advantaged Dividend Income Fund eliminated its Control Share Provisions through Amendment No. 1 to the By-Laws, effective October 10, 2024. This formalizes a prior Board exemption from January 26, 2023, easing restrictions on share acquisitions that could trigger control share rules. The change simplifies ownership transfers. No financial impacts disclosed.

8-K

Suspends control share restrictions

2/1/23Feb 1, 2023

Eaton Vance Tax-Advantaged Dividend Income Fund suspended its control share by-law provisions on January 26, 2023, exempting all prior and new share purchases from voting restrictions until further notice. This follows a Massachusetts Superior Court ruling that upheld the board's fiduciary duty but invalidated the by-law under the Investment Company Act, amid ongoing litigation with activist investor Saba Capital. The move protects retail shareholders from potential activist disruptions. Litigation continues.

8-K

By-Laws curb activist voting

8/13/20Aug 13, 2020

Eaton Vance Tax-Advantaged Dividend Income Fund amended its By-Laws on August 13, 2020, introducing Control Share Provisions to curb voting power from acquisitions exceeding 10% of shares. These rules let non-interested shareholders vote on authorizing such rights, shielding the fund from activist pressures. Yet the board holds sway. No financial impacts disclosed.

About

Eaton Vance Tax-Advantaged Dividend Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across the diversified sectors. The fund primarily invests in dividend paying value stocks of companies that qualify for favorable federal income tax treatment. It benchmarks the performance of its portfolio against the Russell 1000 Value Index. Eaton Vance Tax-Advantaged Dividend Income Fund was formed on September 30, 2003 and is domiciled in the United States.

CEO

Mr. Edward J. Perkin C.F.A.

IPO

9/26/2003

Website

https://funds.eatonvance.com/Tax-Advantaged-Dividend-Income-Fund-EVT.php

Sector

Financial Services

Industry

Asset Management