Eaton Vance Municipal Bond Fund (EIM) To Go Ex-Dividend on July 23rd

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Stockholders of record on Tuesday, July 23rd will be paid a dividend of 0.0508 per share on Wednesday, July 31st. This represents a $0.61 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend is Tuesday, July 23rd. This is a boost 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% per year over the last three years.

Eaton Vance Municipal Bond Fund Stock Up 0.8 %

EIM traded up $0.09 during midday trading on Wednesday, hitting $10.68. The company had a trading volume of 102,793 shares, compared to its average volume of 173,833. 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.