Eaton Vance California Municipal Bond Fund (NYSE:EVM) Raises Dividend to $0.04 Per Share

Eaton Vance California Municipal Bond Fund (NYSE:EVM) announced a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, July 23rd will be given a dividend of 0.0417 per share on Wednesday, July 31st. This represents a $0.50 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Tuesday, July 23rd. This is a positive change from Eaton Vance California Municipal Bond Fund’s previous monthly dividend of $0.04.

Eaton Vance California Municipal Bond Fund has decreased its dividend payment by an average of 9.2% per year over the last three years.

Eaton Vance California Municipal Bond Fund Stock Performance

Shares of EVM traded up $0.04 during trading hours on Tuesday, hitting $9.60. 19,194 shares of the company were exchanged, compared to its average volume of 47,717. Eaton Vance California Municipal Bond Fund has a fifty-two week low of $7.67 and a fifty-two week high of $9.77. The firm’s fifty day moving average is $9.44 and its 200 day moving average is $9.35.

About Eaton Vance California Municipal Bond Fund

Eaton Vance California 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.