Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Shares Will Pay Monthly Dividend of $0.08

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0782 per share by the investment management company on Friday, October 30th. This represents a $0.94 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Thursday, October 15th.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Shares of ETX stock opened at $17.48 on Friday. Eaton Vance Municipal Income 2028 Term Trust has a twelve month low of $17.11 and a twelve month high of $20.00. The firm has a fifty day simple moving average of $18.04 and a 200-day simple moving average of $18.51.

About Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) is a closed-end management investment company. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal obligations issued by states, municipalities and other public entities.

The fund’s portfolio may include a range of tax-exempt securities, such as general obligation bonds, revenue bonds and other municipal debt. Its investment exposure can span issuers and projects across the United States, including public infrastructure and essential-service sectors.

ETX is a term trust designed to operate for a limited period and is scheduled to terminate in 2028, subject to the terms of its governing documents.