Eaton Vance Municipal Income 2028 Term Trust Plans Monthly Dividend of $0.08 (NYSE:ETX)

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.0782 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, August 14th.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.2%

Shares of NYSE ETX opened at $18.23 on Tuesday. Eaton Vance Municipal Income 2028 Term Trust has a 12-month low of $18.02 and a 12-month high of $20.00. The company has a 50-day moving average of $18.70 and a 200 day moving average of $18.77.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The trust primarily invests in investment-grade municipal securities that mature on or before the trust’s termination date in 2028, focusing on debt issued by state and local governments, authorities, and agencies across the United States.

The portfolio is diversified across sectors such as transportation, education, healthcare, utilities, and general purpose obligations, with the goal of managing credit risk and preserving capital.