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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.078 per share by the investment management company on Tuesday, April 30th. This represents a $0.94 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Monday, April 22nd.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.4 %

NYSE ETX opened at $17.98 on Friday. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $16.36 and a 1 year high of $18.60. The business’s fifty day moving average is $17.99 and its two-hundred day moving average is $17.56.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UBS Group AG increased its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 1.1% in the fourth quarter. UBS Group AG now owns 199,479 shares of the investment management company’s stock valued at $3,459,000 after buying an additional 2,108 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $258,000. Comerica Bank bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the third quarter valued at $33,000. Royal Bank of Canada increased its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 9.0% in the third quarter. Royal Bank of Canada now owns 21,422 shares of the investment management company’s stock valued at $363,000 after buying an additional 1,773 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 106.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 89,908 shares of the investment management company’s stock valued at $1,599,000 after buying an additional 46,371 shares in the last quarter.

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.