Eaton (NYSE:ETN) Vance Tax-Managed Diversified Equity Income Fund (ETY) stock has reached a new 52-week high, trading at $15.35, with a market capitalization of $2.41 billion. According to InvestingPro, the fund offers an attractive dividend yield of 7.79% and has maintained dividend payments for 19 consecutive years. This milestone reflects a significant uptrend for the investment management firm, as investors have witnessed an impressive 1-year total return of 35.73% in the stock's value. The surge to this price level underscores the market's positive reception to Eaton Vance's strategic initiatives and its ability to navigate the complex financial landscape, rewarding shareholders with substantial gains over the past year. The 52-week high serves as a testament to the company's strong performance and investor confidence in its continued growth potential. InvestingPro subscribers can access 5 additional key insights about ETY's financial health and growth prospects.
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