Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) to Issue Monthly Dividend of $0.08

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) announced a monthly dividend on Monday, November 4th, Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.0782 per share by the investment management company on Friday, November 29th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Thursday, November 21st. This is an increase from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08.

Eaton Vance Municipal Income 2028 Term Trust has decreased its dividend payment by an average of 5.2% annually over the last three years.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

NYSE ETX traded down $0.12 during trading hours on Monday, hitting $18.56. 31,341 shares of the company’s stock were exchanged, compared to its average volume of 26,684. The business’s 50 day moving average is $18.76 and its 200-day moving average is $18.63. Eaton Vance Municipal Income 2028 Term Trust has a 12-month low of $16.70 and a 12-month high of $19.44.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust.