Eaton Vance California Municipal Income Trust (CEV) To Go Ex-Dividend on July 14th

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Wednesday, July 1st. Investors of record on Tuesday, July 14th will be paid a dividend of 0.05 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, July 14th.

Eaton Vance California Municipal Income Trust Price Performance

Shares of NYSE:CEV opened at $10.58 on Friday. The company’s 50-day moving average is $10.31 and its 200 day moving average is $10.29. Eaton Vance California Municipal Income Trust has a fifty-two week low of $9.35 and a fifty-two week high of $10.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CEV. Rockefeller Capital Management L.P. lifted its stake in Eaton Vance California Municipal Income Trust by 58.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 110,426 shares of the company’s stock valued at $1,109,000 after purchasing an additional 40,826 shares during the last quarter. LPL Financial LLC increased its position in Eaton Vance California Municipal Income Trust by 34.7% in the fourth quarter. LPL Financial LLC now owns 140,685 shares of the company’s stock worth $1,412,000 after buying an additional 36,248 shares during the last quarter. Atala Financial Inc raised its stake in shares of Eaton Vance California Municipal Income Trust by 133.7% in the fourth quarter. Atala Financial Inc now owns 52,582 shares of the company’s stock valued at $528,000 after buying an additional 30,082 shares during the period. Evolve Private Wealth LLC bought a new stake in shares of Eaton Vance California Municipal Income Trust in the fourth quarter valued at $240,000. Finally, Wedbush Securities Inc. lifted its position in shares of Eaton Vance California Municipal Income Trust by 147.4% during the 4th quarter. Wedbush Securities Inc. now owns 33,897 shares of the company’s stock valued at $340,000 after buying an additional 20,197 shares during the last quarter. 35.88% of the stock is owned by institutional investors.

About Eaton Vance California Municipal Income Trust

Eaton Vance California Municipal Income Trust is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax and California personal income tax. The trust primarily invests in investment-grade municipal securities issued by state and local governmental entities, with a portfolio focus on California debt obligations. Its tax-exempt income objective makes it a specialized option for investors in higher tax brackets seeking steady tax-advantaged distributions.

The trust’s portfolio typically includes a diversified mix of general obligation bonds, revenue bonds and essential-service obligations that finance public utilities, transportation, education and healthcare facilities within California.