Eaton Vance's Global Dividend ETF: Ripe for A Raise

Eaton Vance's Tax-Advantaged Global Dividend Opportunities Fund (ETO) has been far and away one of the best performing equity-based high-yielding Closed-End Funds (CEFs) not just from the market lows in early 2009 but also since inception from April of 2004. In fact, ETO’s current 2-year high NAV price of $24.39 is so significantly above its inception NAV of $19.10 once again that its current NAV yield is now down to 5.74%, lower than its inception yield of 6.28%. I believe that even if ETO’s primary source of NAV growth has come from pure portfolio appreciation more so than increased investment income from dividends and interest, the portfolio appreciation still warrants a dividend increase since ETO’s market price will have a difficult time appreciating much more once the current yield, now at 6.3%, gets closer to 6%. I believe a 15%-25% increase in the annual dividend, perhaps in gradual installments like... Read more