Eaton Vance New York Municipal Bond Fund Announces Monthly Dividend of $0.04 (NYSE:ENX)

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) declared a monthly dividend on Friday, November 1st,Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.0417 per share on Friday, November 29th. This represents a $0.50 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Thursday, November 21st.

Eaton Vance New York Municipal Bond Fund has decreased its dividend payment by an average of 10.6% annually over the last three years.

Eaton Vance New York Municipal Bond Fund Stock Performance

Eaton Vance New York Municipal Bond Fund stock opened at $9.75 on Wednesday. The company has a 50-day moving average price of $9.63 and a 200 day moving average price of $9.81. Eaton Vance New York Municipal Bond Fund has a 12-month low of $8.78 and a 12-month high of $10.14.

Insider Transactions at Eaton Vance New York Municipal Bond Fund

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. purchased 21,191 shares of the stock in a transaction dated Thursday, November 7th. The stock was acquired at an average cost of $9.56 per share, for a total transaction of $202,585.96. Following the acquisition, the insider now owns 3,090,895 shares in the company, valued at $29,548,956.20. This trade represents a 0.69 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 58,278 shares of company stock worth $561,300 in the last 90 days.

About Eaton Vance New York Municipal Bond Fund

Eaton Vance New York Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education.