Eaton Vance California Municipal Income Trust (NYSE:CEV) Declares $0.05 Monthly Dividend

Posted by Adam Masters on Nov 4th, 2024

Eaton Vance California Municipal Income Trust (NYSE:CEV – Get Free Report) announced a monthly dividend on Monday, November 4th, Wall Street Journal reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.05 per share on Monday, November 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Friday, November 8th.

Eaton Vance California Municipal Income Trust has decreased its dividend payment by an average of 7.9% per year over the last three years.

Eaton Vance California Municipal Income Trust Stock Performance

Shares of Eaton Vance California Municipal Income Trust stock remained flat at $10.51 during trading on Monday. 15,127 shares of the stock traded hands, compared to its average volume of 22,481. The business’s 50-day simple moving average is $10.80 and its 200-day simple moving average is $10.81. Eaton Vance California Municipal Income Trust has a 1-year low of $9.12 and a 1-year high of $11.29.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 11,503 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $11.02, for a total value of $126,763.06. Following the transaction, the insider now owns 927,044 shares in the company, valued at approximately $10,216,024.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 188,134 shares of company stock valued at $2,046,247 in the last ninety days.

Eaton Vance California Municipal Income Trust Company Profile

(Get Free Report)

Eaton Vance California 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 debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.