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 Friday, May 1st. Investors 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 of this dividend is Thursday, May 14th.

Eaton Vance California Municipal Income Trust Stock Performance

NYSE:CEV opened at $10.40 on Tuesday. The firm’s fifty day simple moving average is $10.32 and its 200 day simple moving average is $10.32. Eaton Vance California Municipal Income Trust has a twelve month low of $9.35 and a twelve month high of $10.78.

Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its holdings in shares of Eaton Vance California Municipal Income Trust by 58.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 110,426 shares of the company’s stock valued at $1,109,000 after acquiring an additional 40,826 shares in the last quarter. Evolve Private Wealth LLC acquired a new position in shares of Eaton Vance California Municipal Income Trust during the 4th quarter valued at $240,000. Wells Fargo & Company MN lifted its holdings in shares of Eaton Vance California Municipal Income Trust by 9.2% during the 4th quarter. Wells Fargo & Company MN now owns 50,702 shares of the company’s stock valued at $509,000 after acquiring an additional 4,262 shares in the last quarter. Concorde Asset Management LLC acquired a new position in shares of Eaton Vance California Municipal Income Trust during the 4th quarter valued at $100,000. Finally, Wedbush Securities Inc. lifted its holdings in Eaton Vance California Municipal Income Trust by 147.4% in the 4th quarter. Wedbush Securities Inc. now owns 33,897 shares of the company’s stock worth $340,000 after buying an additional 20,197 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

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.