Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Increases Dividend to $0.05 Per Share

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) declared a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, July 23rd will be given a dividend of 0.0508 per share on Wednesday, July 31st. This represents a $0.61 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Tuesday, July 23rd. This is an increase from Eaton Vance Municipal Bond Fund’s previous monthly dividend of $0.05.

Eaton Vance Municipal Bond Fund has decreased its dividend by an average of 10.9% annually over the last three years.

Eaton Vance Municipal Bond Fund Price Performance

Shares of EIM traded down $0.03 during midday trading on Tuesday, hitting $10.59. 140,266 shares of the company traded hands, compared to its average volume of 174,382. Eaton Vance Municipal Bond Fund has a 52 week low of $8.61 and a 52 week high of $10.71.

About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.