Eaton Vance Municipal Bond Fund (EIM) to Issue Monthly Dividend of $0.05 on May 29th

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) declared a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.0508 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, May 15th.

Eaton Vance Municipal Bond Fund Price Performance

EIM stock traded up $0.03 during trading on Wednesday, hitting $9.96. 50,026 shares of the company’s stock traded hands, compared to its average volume of 143,141. Eaton Vance Municipal Bond Fund has a 52 week low of $9.41 and a 52 week high of $10.54. The business has a fifty day simple moving average of $9.85 and a 200 day simple moving average of $9.87.

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.