Eaton Vance California Municipal Income Trust (CEV) to Issue Monthly Dividend of $0.05 on June 24th

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Monday, June 1st. Shareholders of record on Friday, June 12th will be paid a dividend of 0.05 per share on Wednesday, June 24th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Friday, June 12th.

Eaton Vance California Municipal Income Trust Stock Up 0.2%

CEV opened at $10.27 on Wednesday. The firm’s fifty day moving average price is $10.23 and its two-hundred day moving average price is $10.30. Eaton Vance California Municipal Income Trust has a 1 year low of $9.35 and a 1 year high of $10.78.

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.