Eaton Vance California Municipal Income Trust (NYSE:CEV) to Issue $0.05 Monthly Dividend

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Monday, January 13th will be given a dividend of 0.05 per share on Wednesday, January 22nd. This represents a $0.60 annualized dividend and a dividend yield of 5.99%. The ex-dividend date is Monday, January 13th.

Eaton Vance California Municipal Income Trust has decreased its dividend by an average of 0.3% per year over the last three years.

Eaton Vance California Municipal Income Trust Stock Performance

Shares of NYSE CEV opened at $10.02 on Friday. The firm’s 50-day simple moving average is $10.37 and its 200 day simple moving average is $10.71. Eaton Vance California Municipal Income Trust has a fifty-two week low of $10.01 and a fifty-two week high of $11.29.

Insiders Place Their Bets

In other Eaton Vance California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 31,551 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $10.81, for a total value of $341,066.31. Following the sale, the insider now directly owns 694,818 shares in the company, valued at approximately $7,510,982.58. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eaton Vance California Municipal Income Trust Company Profile

Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.