Eaton Vance California Municipal Income Trust (CEV) to Issue Monthly Dividend of $0.05 on May 26th

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Friday, May 1st. Stockholders of record on Thursday, May 14th will be given a dividend of 0.05 per share on Tuesday, May 26th. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Thursday, May 14th.

Eaton Vance California Municipal Income Trust Price Performance

Shares of NYSE:CEV opened at $10.40 on Tuesday. Eaton Vance California Municipal Income Trust has a fifty-two week low of $9.35 and a fifty-two week high of $10.78. The business has a 50-day simple moving average of $10.32 and a two-hundred day simple moving average of $10.32.

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.