Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Announces $0.05 Monthly Dividend

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) declared a monthly dividend on Monday, January 5th. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.0508 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, January 15th.

Eaton Vance Municipal Bond Fund Trading Down 0.1%

Shares of EIM opened at $9.69 on Tuesday. The firm has a 50-day simple moving average of $9.85 and a two-hundred day simple moving average of $9.79. Eaton Vance Municipal Bond Fund has a 1-year low of $9.27 and a 1-year high of $10.55.

Institutional Trading of Eaton Vance Municipal Bond Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Eaton Vance Municipal Bond Fund by 51.3% during the third quarter. NewEdge Advisors LLC now owns 29,216 shares of the company’s stock worth $290,000 after purchasing an additional 9,902 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Eaton Vance Municipal Bond Fund in the 3rd quarter valued at $88,000. Bank of America Corp DE lifted its stake in Eaton Vance Municipal Bond Fund by 18.6% during the 3rd quarter. Bank of America Corp DE now owns 63,447 shares of the company’s stock worth $631,000 after acquiring an additional 9,956 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Eaton Vance Municipal Bond Fund by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 515,436 shares of the company’s stock worth $5,123,000 after acquiring an additional 35,066 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Eaton Vance Municipal Bond Fund by 10.7% during the 3rd quarter. Raymond James Financial Inc. now owns 808,790 shares of the company’s stock valued at $8,039,000 after acquiring an additional 78,032 shares during the period.

About Eaton Vance Municipal Bond Fund

The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.

Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.