ET

Eaton Vance Tax-mgd Dvsf Eq Inc Fd

ETY
—
Accountable AI Logo

Eaton Vance Tax-mgd Dvsf Eq Inc Fd AI Insights

Informational only. Not investment advice.
As of 2026-01-16

Snapshot

  • Zero debt with P/B of 0.97x TTM - trading below book value despite 99.5% net margin and 12.6% ROE[Price to Book Ratio]
  • Revenue down 55% TTM driven by realized gains drop - 187M gain on security sales vs prior period volatility[Gain on Sale of Security]
  • Dividend yield of 7.8% (1.19/share TTM) on 159M shares - payout sustainable at current NAV discount[Dividends Paid Per Share]

Watch Triggers

  • Price to Book Ratio: Falls below 0.85x or rises above 1.05x — Signals discount widening (accumulate) or premium (reduce) vs NAV
  • Dividends Paid Per Share: Distribution cut >15% from current 1.19/share — Would indicate unsustainable payout forcing NAV erosion
  • Gain on Sale of Security: Quarterly gains trend below 30M consistently — Primary income driver - sustained weakness pressures distributions

Bull Case

Zero-debt closed-end fund trading at NAV discount with 7.8% yield - rare combination of income and margin of safety in tax-managed equity wrapper

Price to Book RatioDebt to EquityDividends Paid Per Share

5Y EPS growth of 21% and revenue growth of 22% demonstrates long-term compounding despite 1Y volatility from realized gains timing

EPS Growth 5YTotal Revenue 5Y Growth

Bear Case

Revenue/EPS down 55% TTM reflects dependence on market gains - fund income highly correlated to equity market performance

Total Revenue 1Y GrowthEPS Growth 1Y

Low trading volume (196K) creates liquidity risk - wide bid-ask spreads may erode returns for larger positions

Volume

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

BearBull
55%

Leverage ETY's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.

Take Me to The Editor

Forward Thesis

NAV discount likely to narrow as equity markets stabilize and distribution coverage improves

1-3ymed
  • P/B 0.97x vs equity of 2.5B
  • Zero leverage provides downside protection
  • 5Y revenue CAGR 22% shows recovery capacity
Debt/Equity 0.0 TTM5Y EPS growth 21% TTMNet margin 99.5% TTM
Valuation Context
Caveats

Public Strategies Rankings

See how Eaton Vance Tax-mgd Dvsf Eq Inc Fd ranks across different investment strategies.

Leverage ETY's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.

Data Partners
Morningstar Logo

Fundamental company data provided by Morningstar, updated daily.

Accountable Finance, Inc. Disclaimer
accountable.finance is not operated by a broker or a dealer. Under no circumstances does any information posted on accountable.finance represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. In no event shall accountable.finance be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on accountable.finance, or relating to the use of, or inability to use, accountable.finance or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Stock quotes and fundamental company data provided by Morningstar, updated daily.
Accountable Logo
© 2026 Accountable Finance, Inc. All rights reserved.