View

ETY · Eaton Vance Tax-Managed Diversified Equity Income Fund

Know the company

Company overview

Eaton Vance Tax-Managed Diversified Equity Income Fund holds a broad stock portfolio and writes stock-index options. Its cash policy rests on an equity-and-option strategy managed with taxes in mind.

Business: Equity option-income CEF
Listing: ETY · New York Stock Exchange
Reporting period: 2026-04-30
Dividend schedule: Monthly

How the business works

Dividends from the stocks are one piece. Option outcomes and share gains or losses shape the wider result, and NAV tracks what happened to capital behind the monthly cash.

Eaton Vance Tax-Managed Diversified Equity Income Fund: financial report supporting reported earnings

Dividend & earnings snapshot

Dividend payments

Per common share

$0.0992Reviewed declaration · Payment Sep 30, 2026

Regular dividend

Announced Sep 1, 2026

Dates and company reports

Announcement: Sep 1, 2026
Declaration: Sep 1, 2026
Ex-dividend: Sep 15, 2026
Record: Sep 15, 2026
Payment: Sep 30, 2026

Dividend declaration for payment Sep 30, 2026 · www.businesswire.com · Announced Sep 1, 2026

Extras are shown separately and are not assumed to repeat.

Reported earnings

Each measure shown separately, per share

Net investment income-$0.03

Nov 1, 2025 to Apr 30, 2026

Distribution yield8.39%Sourced distributions divided by dated market price

Reported annual income yield-0.25%Reported net investment income $-0.0400 per share for 2024-11-01 to 2025-10-31, divided by approved 2025-10-31 market price $15.8300. Excludes capital gains; historical, not a current yield or forecast.

Reported annual investment income$-0.04Per share for 2025 FY. Excludes investment gains.

Annual dividend$1.19Current regular payment annualized per share

Dividend payment history

Date or month	Per share
Sep 30, 2026	$0.0992

Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting period	Per share	Source
Nov 1, 2025 to Apr 30, 2026	-$0.03	SEC Announced Jun 26, 2026

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Nov 1, 2025 to Apr 30, 2026	$15.58	-0.45%	$0.60	+3.64%	ETY SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Nov 1, 2024 to Oct 31, 2025	$15.65	+4.96%	$1.19	+13.56%	ETY SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Nov 1, 2023 to Oct 31, 2024	$14.91	+27.87%	$1.10	+38.59%	ETY SEC financial highlights. Reported cash includes all components; partial periods are not annualized.

View older history (up to 7 years)

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Nov 1, 2022 to Oct 31, 2023	$11.66	+2.64%	$0.97	+11.53%	ETY SEC financial highlights. Reported cash includes all components; partial periods are not annualized.
Nov 1, 2021 to Oct 31, 2022	$11.36	-20.89%	$1.11	-13.55%	ETY own SEC Financial Highlights fiscal 2022. Total cash includes separately stated NII, realized-gain and return-of-capital components. Company shelf and repurchase NAV effects are separate share-accounting lines, not investment return. Fiscal market value is reported, not a recovered exchange close.
Nov 1, 2020 to Oct 31, 2021	$14.36	+23.79%	$1.03	+33.85%	ETY own SEC Financial Highlights fiscal 2021. Total cash includes separately stated NII, realized-gain and return-of-capital components. Company shelf and repurchase NAV effects are separate share-accounting lines, not investment return. Fiscal market value is reported, not a recovered exchange close.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

How to read ETY income

Fund income alone does not measure the full contribution from options. Cash distributions can also include gains or return of capital.

Follow distributions together with NAV and total return. A large payment is not proof that the strategy earned that amount.

Income and distributions

Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Fund income alone does not measure the full contribution from options. Cash distributions can also include gains or return of capital.

Reporting period	Net investment income/share	Total distributions/share
2025-11-01 to 2026-04-30	$-0.03	$0.60
2024-11-01 to 2025-10-31	$-0.04	$1.19
2023-11-01 to 2024-10-31	$-0.02	$1.10

View older history (up to 7 years)

Reporting period	Net investment income/share	Total distributions/share
2022-11-01 to 2023-10-31	$0.06	$0.97
2021-11-01 to 2022-10-31	$0.06	$1.11
2020-11-01 to 2021-10-31	$0.05	$1.03

The assets behind the earnings

How ETY makes money

Financial snapshot: 2026-04-30. Research reviewed 2026-09-18. Compare results for the reporting periods shown. Historical results are not a forecast.

The assets it owns

$2.502 billion net assets58 holdings · As of 7/31/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

Eaton Vance Tax-Managed Diversified Equity Income Fund: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-11-01 through 2026-04-30 · $ per share

Fund net investment income per common share; actual reporting period, not annualized−$0.0300

For the six months ended April 30, 2026, ETY reported a $0.03 net investment loss per share and $0.60 of distributions. The loss is an income-only reading, not a complete verdict on option and equity gains.

Eaton Vance Tax-Managed Diversified Equity Income Fund: financial report supporting reported earnings

The income-producing business

Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

Eaton Vance Tax-Managed Diversified Equity Income Fund: financial report supporting reported earnings

What the reported earnings support

Eaton Vance Tax-Managed Diversified Equity Income Fund reported $-0.0300 per share for 2025-11-01 through 2026-04-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

Eaton Vance Tax-Managed Diversified Equity Income Fund: financial report supporting reported earnings

Portfolio risk

Losses or weaker cash generation in stocks and option strategies can reduce the resources available for future distributions.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

Eaton Vance Tax-Managed Diversified Equity Income Fund: financial report supporting reported earnings

Distribution sustainability

A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

Eaton Vance Tax-Managed Diversified Equity Income Fund: financial report supporting reported earnings

What would change the earnings picture?

Read the next investment and option results with cash sources and NAV. Look for a payment policy that has not come at the expense of lasting capital value.

Net asset value (NAV)

NAV per share$15.85Sep 29, 2026

Market price$14.08Sep 29, 2026

PREMIUM / DISCOUNT TO NAV11.17% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Fly High context

Read the next investment and option results with cash sources and NAV. Look for a payment policy that has not come at the expense of lasting capital value.

Loading current company feeds…

U.S. federal · Tax year 2025

Dividend tax treatment

The fund's published 2025 breakdown shows mainly capital-gain distributions. The mix can change from year to year.

This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.

Ordinary, nonqualified: 0%
Qualified dividends: 0.2%
Capital-gain distributions: 99.04%
Return of capital: 0.76%

Tax year: 2025. Total distributions: $1.19 per share.

Tax details and source

Total ordinary dividends (includes qualified): 0.2%
Section 199A portion (within ordinary dividends): Not confirmed
Exempt-interest distributions: 0%
Reporting form: Form 1099-DIV
Source date: Not stated

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

Return to company research