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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Thursday, July 11th will be given a dividend of 0.05 per share on Thursday, July 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, July 11th. This is an increase from Eaton Vance California Municipal Income Trust’s previous monthly dividend of $0.04.

Eaton Vance California Municipal Income Trust has decreased its dividend payment by an average of 7.9% per year over the last three years.

Eaton Vance California Municipal Income Trust Stock Performance

CEV traded down $0.01 during midday trading on Tuesday, reaching $10.92. 10,783 shares of the company’s stock were exchanged, compared to its average volume of 17,374. Eaton Vance California Municipal Income Trust has a 1-year low of $8.83 and a 1-year high of $11.10. The business’s 50-day moving average price is $10.68 and its 200 day moving average price is $10.55.

Eaton Vance California Municipal Income Trust Company Profile

Eaton Vance California 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 debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.