Eaton Vance California Municipal Income Trust (CEV) to Issue Monthly Dividend of $0.05 on March 21st

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.05 per share on Friday, March 21st. This represents a $0.60 annualized dividend and a dividend yield of 5.93%. The ex-dividend date is Thursday, March 13th.

Eaton Vance California Municipal Income Trust has raised its dividend payment by an average of 0.1% per year over the last three years.

Eaton Vance California Municipal Income Trust Stock Down 1.2 %

Shares of CEV stock opened at $10.12 on Tuesday. The firm has a 50 day moving average of $10.16 and a 200-day moving average of $10.47. Eaton Vance California Municipal Income Trust has a 52 week low of $9.91 and a 52 week high of $11.29.

About Eaton Vance California Municipal Income Trust

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.