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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.05 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, July 14th.

Eaton Vance California Municipal Income Trust Stock Up 0.8%

CEV stock opened at $10.60 on Thursday. Eaton Vance California Municipal Income Trust has a twelve month low of $9.35 and a twelve month high of $10.78. The business has a 50 day moving average of $10.30 and a 200 day moving average of $10.29.

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.