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

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be paid a dividend of 0.05 per share on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, March 13th.

Eaton Vance California Municipal Income Trust Stock Up 0.7%

Shares of Eaton Vance California Municipal Income Trust stock opened at $10.77 on Wednesday. Eaton Vance California Municipal Income Trust has a 52-week low of $9.31 and a 52-week high of $10.78. The company has a 50-day simple moving average of $10.31 and a two-hundred day simple moving average of $10.17.

Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust

A number of hedge funds have recently modified their holdings of CEV. Northwestern Mutual Wealth Management Co. bought a new position in Eaton Vance California Municipal Income Trust during the second quarter valued at approximately $52,000. US Bancorp DE purchased a new position in shares of Eaton Vance California Municipal Income Trust during the third quarter valued at $83,000. Osaic Holdings Inc. boosted its position in Eaton Vance California Municipal Income Trust by 400.0% during the 2nd quarter. Osaic Holdings Inc. now owns 10,000 shares of the company’s stock valued at $97,000 after acquiring an additional 8,000 shares in the last quarter. Concorde Asset Management LLC purchased a new position in Eaton Vance California Municipal Income Trust in the fourth quarter valued at about $100,000. Finally, Pasadena Private Wealth LLC acquired a new position in shares of Eaton Vance California Municipal Income Trust during the fourth quarter worth $100,000. 35.88% of the stock is currently 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.