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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be paid a dividend of 0.05 per share on Thursday, September 24th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Monday, September 14th.

Eaton Vance California Municipal Income Trust Stock Down 0.2%

Shares of NYSE CEV opened at $10.66 on Wednesday. Eaton Vance California Municipal Income Trust has a 1-year low of $9.45 and a 1-year high of $10.84. The business’s fifty day moving average price is $10.48 and its two-hundred day moving average price is $10.38.

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.