Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) Stock

The Eaton Vance Tax-Advantaged Global Dividend Income Fund is currently trading at a deep and attractive discount, making it a potential option for long-term investors. The fund focuses on holding a mostly equity portfolio with a global tilt, which can have some benefits for diversification purposes. The fund is leveraged, and they could benefit from rate cuts as that would ease the costs of their borrowings; however, leverage also comes with greater risks.

Eaton Vance Tax-Advantaged Global Dividend Income Fund offers high income without sacrificing equity upside potential or inflation protection. The ETG closed-end fund invests primarily in dividend-paying stocks from around the world. The fund claims to be investing in things that pay dividends qualifying for favorable income tax treatment, but the distribution is mostly long-term capital gains.

Eaton Vance Tax-Advantaged Global Dividend Income Fund has performed well this year due to strong equity performance overall. ETG provides investors with an attractive monthly distribution yield, which has been bumped higher since our last update. ETG continues to trade at an attractive discount, near the fund's historically widest levels outside of the GFC and briefly during the Covid plunge.

ETG Vs. ETO: The Eaton Vance Leveraged Equity CEF Twins

Eaton Vance Tax-Advantaged Global Dividend Income Fund is a closed-end fund that invests globally in the equity of U.S. and non-U.S companies and, to a lesser extent, in preferred and fixed-income securities. The ETG CEF has a good long-term record of performance. However, the recent performance has been sub-par, more so on the market price. We believe it is an attractive fund for income investors that is highly diversified with global exposure and has proven to provide sustainable income in good times and bad.

Eaton Vance Tax-Advantaged Global Dividend Income Fund has finished 2023 with a solid performance. The solid performance actually moved the fund to a sizeable discount, which is perfect for investors looking to acquire or grow their position. The fund's distribution rate is barely over 6%, and that should bode well for a potential increase in the future.

Eaton Vance Tax-Advantaged Global Dividend Income Fund offers investors the opportunity to earn income from international assets without sacrificing potential upside. The fund's current yield of 7.07% is lower than other fixed income and equity funds, making it less appealing to income-focused investors. The fund has underperformed the S&P 500 Index and the MSCI World Index recently, but has outperformed when considering distributions received by investors.

Closed-end funds are often more sensitive to market movements, through being leveraged but also their discount/premium mechanics. Eaton Vance Tax-Advantaged Global Dividend Income Fund has seen a drop due to September's weakness and also a widening discount, creating a potential opportunity for investors. ETG focuses on global dividend-paying stocks and offers tax advantages, but its leverage and expense ratio has increased due to those borrowing costs rising.

The Eaton Vance Tax-Advantaged Global Dividend Income Fund offers a high level of current income with a 7.41% yield. The fund has underperformed the S&P 500 Index and MSCI World Index over the past year. The fund's portfolio includes a mix of dividend-paying stocks, preferred stocks, and bonds, but some of its top holdings do not pay dividends.