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 Monday, January 5th. Shareholders of record on Wednesday, January 14th will be paid a dividend of 0.05 per share on Monday, January 26th. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Wednesday, January 14th.

Eaton Vance California Municipal Income Trust Stock Performance

CEV stock opened at $10.06 on Tuesday. Eaton Vance California Municipal Income Trust has a 1 year low of $9.31 and a 1 year high of $10.62. The stock’s fifty day moving average is $10.31 and its two-hundred day moving average is $9.95.

Eaton Vance California Municipal Income Trust Company Profile

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.