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

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.05 per share on Friday, March 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Thursday, March 13th.

Eaton Vance California Municipal Income Trust has increased its dividend payment by an average of 0.1% per year over the last three years.

Eaton Vance California Municipal Income Trust Price Performance

Shares of NYSE:CEV traded down $0.06 during mid-day trading on Tuesday, reaching $10.33. 34,851 shares of the company’s stock were exchanged, compared to its average volume of 31,804. Eaton Vance California Municipal Income Trust has a twelve month low of $9.91 and a twelve month high of $11.29. The business’s fifty day moving average price is $10.14 and its 200-day moving average price is $10.50.

About Eaton Vance California Municipal Income Trust

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.