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Eaton Vance Corporation Eaton V Message Board

  • maaveriks maaveriks Dec 14, 2010 8:47 PM Flag

    Stupid to sell at this point

    This cut really just puts the Eaton Vance funds comparable to alot of other buy/write funds in terms of yield.

    The Nuveen buy/write funds JSN, JLA, JPZ, JPG, DPD & DPO for example have also cut their dividends twice over the past year or so (as have other fund families like ING) and now operate at 9.3% to 9.6% yields with only slight discounts to their NAV. In fact, a couple of the Nuveen funds were actually at premiums before they went ex-div a day ago. Comparably, ETV should actually RALLY on this news at a 9.8% yield and a 5.2% discount! Probably won't happen, but I do think the downside is limited.

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