Eaton Vance Municipal Income Trust (NYSE:EVN) Increases Dividend to $0.05 Per Share

Eaton Vance Municipal Income Trust (NYSE:EVN) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Shareholders of record on Thursday, July 11th will be given a dividend of 0.0513 per share by the investment management company on Thursday, July 18th. This represents a $0.62 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Thursday, July 11th. This is a boost from Eaton Vance Municipal Income Trust’s previous monthly dividend of $0.05.

Eaton Vance Municipal Income Trust Trading Up 0.3 %

Shares of EVN stock opened at $10.35 on Wednesday. The company has a 50 day moving average price of $10.15 and a 200-day moving average price of $10.10. Eaton Vance Municipal Income Trust has a 52 week low of $8.64 and a 52 week high of $10.45.

About Eaton Vance Municipal Income Trust

Eaton Vance 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 investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.