Eaton Vance Municipal Income Trust (NYSE:EVN) to Issue Monthly Dividend of $0.05

Eaton Vance Municipal Income Trust (NYSE:EVN) declared a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.0461 per share by the investment management company on Monday, May 20th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date is Friday, May 10th.

Eaton Vance Municipal Income Trust has decreased its dividend payment by an average of 5.7% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Eaton Vance Municipal Income Trust Price Performance

Shares of NYSE:EVN opened at $10.18 on Thursday. The firm has a 50 day simple moving average of $10.09 and a 200 day simple moving average of $9.86. Eaton Vance Municipal Income Trust has a one year low of $8.64 and a one year high of $10.45.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.