Eaton Vance California Municipal Income Trust (NYSE:CEV – Get Free Report) announced a monthly dividend on Monday, June 1st. Investors of record on Friday, June 12th will be given a dividend of 0.05 per share on Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, June 12th.
Eaton Vance California Municipal Income Trust Stock Down 0.4%
NYSE CEV opened at $10.30 on Tuesday. The company has a fifty day simple moving average of $10.21 and a 200 day simple moving average of $10.31. Eaton Vance California Municipal Income Trust has a 1 year low of $9.35 and a 1 year high of $10.78.
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.
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