Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Increases Dividend to $0.06 Per Share

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) declared a monthly dividend on Wednesday, November 1st, NASDAQ reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.0583 per share by the investment management company on Thursday, November 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Tuesday, November 21st. This is a positive change from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.06.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Shares of NYSE ETX opened at $17.34 on Monday. Eaton Vance Municipal Income 2028 Term Trust has a 52-week low of $16.36 and a 52-week high of $19.13. The firm has a 50 day moving average price of $16.82 and a two-hundred day moving average price of $17.31.

Institutional Investors Weigh In On Eaton Vance Municipal Income 2028 Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at approximately $76,000. Ancora Advisors LLC bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 1st quarter valued at $170,000. Arlington Capital Management Inc. bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 1st quarter valued at $203,000. Royal Bank of Canada raised its stake in Eaton Vance Municipal Income 2028 Term Trust by 39.6% during the second quarter. Royal Bank of Canada now owns 19,649 shares of the investment management company’s stock worth $345,000 after buying an additional 5,577 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Eaton Vance Municipal Income 2028 Term Trust by 1.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,537 shares of the investment management company’s stock worth $776,000 after buying an additional 602 shares during the last quarter.

About Eaton Vance Municipal Income 2028 Term Trust

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.