Eaton Vance Dividend Income Fund Declares Increase in Monthly Dividends.BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. -- Eaton Vance Eaton Vance is an American financial services company headquartered in Boston, MA. It is traded on the New York Stock Exchange under the symbol EV.[1] At the end of the second quarter of the 2006 fiscal year, the company had assets under management of $118.8 billion. Dividend Income Fund, a diversified diversified (di·verˑ·s open-end o·pen-end adj. 1. Having no definite limit of duration or amount: an open-end contract. 2. management investment company, today announced an increase in the monthly dividends being paid to all share classes. The monthly dividend on the Fund's A shares is being increased from a prior dividend per share of $0.051 to $0.056 per share. The monthly dividend on the Fund's C shares is being increased from $0.046 to $0.050 per share. The monthly dividend on the Fund's I shares is being increased from $0.053 to $0.058 per share. The monthly dividend on the Fund's R shares is being increased from $0.049 to $0.055 per share. This dividend increase will be reflected in the Fund's August 22, 2006 dividend payment to shareholders of record on August 18, 2006. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is August 21, 2006. The Fund's investment objective is to achieve total return for its shareholders. The Fund pursues its objective by investing in Dividend Income Portfolio (the "Portfolio"), a registered investment company managed by Boston Management and Research, a subsidiary of Eaton Vance Management. The Portfolio invests primarily in a diversified portfolio of equity securities that pay dividends. In selecting investments, the Portfolio primarily seeks stocks that produce attractive levels of dividend income and which are, in the opinion of the investment adviser, undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. or inexpensive relative to other similar investments. The Portfolio also seeks to invest in securities that the investment adviser believes have the potential for growth of income and capital appreciation over time. The dividend increase reflects growth in the dividends being paid by securities owned by the Portfolio. In recent periods many of the companies represented in the Portfolio have increased their regular dividend payments and in a number of cases have declared special one-time dividends. In addition, dividend income generated by the Portfolio has been enhanced by the implementation of the Portfolio's dividend capture strategy. The amount of monthly dividend distributions may vary as portfolio and market conditions change and there can be no assurance that the Portfolio's dividend capture strategy will continue to be successful. Eaton Vance Management is a subsidiary of Eaton Vance Corp., which is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol EV. Eaton Vance and its affiliates had approximately $118.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. on June 30, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance at (800) 262-1122. |
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