Amcor stock falls after Raymond James reiterates Market Perform rating
In a challenging market environment, Eaton (NYSE:ETN) Vance Tax Advantaged Dividend Income Fund (EVT) stock has reached a 52-week low, dipping to $22.01. The $1.66 billion fund currently offers an attractive 8.73% dividend yield and boasts a compelling P/E ratio of 3.64. According to InvestingPro, EVT has maintained dividend payments for an impressive 23 consecutive years. This latest price level reflects a notable decline in investor sentiment as the fund grapples with the broader economic pressures affecting the market. Over the past year, EVT has actually delivered a positive return of 5.94%, demonstrating resilience despite market volatility. Investors are closely monitoring the fund’s performance as it navigates through these turbulent market conditions. InvestingPro analysis reveals 5 additional key insights about EVT’s financial health and market position, available to subscribers.
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