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 Wednesday, July 1st. Investors of record on Wednesday, July 15th will be given a dividend of 0.0782 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, July 15th.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.5%

NYSE ETX traded up $0.09 during trading hours on Thursday, reaching $18.74. The company’s stock had a trading volume of 3,780 shares, compared to its average volume of 13,569. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $18.00 and a 1 year high of $20.00. The firm’s 50-day moving average price is $18.84 and its 200-day moving average price is $18.82.

About Eaton Vance Municipal Income 2028 Term Trust

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.