Eaton Vance Municipal Income Trust (NYSE:EVN) Stock to Pay Monthly Dividend of $0.05

Eaton Vance Municipal Income Trust (NYSE:EVN) declared a monthly dividend on Tuesday, November 3rd. Investors of record on Friday, November 13th will be given a dividend of $0.0513 per share by the investment management company on Tuesday, November 24th. This represents a $0.62 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Friday, November 13th.

Eaton Vance Municipal Income Trust Stock Performance

EVN stock opened at $10.08 on Wednesday. Eaton Vance Municipal Income Trust has a 1-year low of $9.00 and a 1-year high of $11.26. The business has a 50 day simple moving average of $9.93 and a two-hundred day simple moving average of $10.56.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its position in shares of Eaton Vance Municipal Income Trust by 1.2% during the first quarter. Bank of America Corp DE now owns 343,201 shares of the investment management company’s stock valued at $3,573,000 after purchasing an additional 4,171 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Eaton Vance Municipal Income Trust by 3.5% in the first quarter. Janney Montgomery Scott LLC now owns 247,167 shares of the investment management company’s stock worth $2,573,000 after purchasing an additional 8,357 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Eaton Vance Municipal Income Trust by 0.8% in the first quarter. Cetera Investment Advisers now owns 164,283 shares of the investment management company’s stock worth $1,710,000 after buying an additional 1,353 shares in the last quarter. Whipplewood Advisors LLC lifted its position in shares of Eaton Vance Municipal Income Trust by 1.4% in the first quarter. Whipplewood Advisors LLC now owns 94,081 shares of the investment management company’s stock worth $979,000 after buying an additional 1,301 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Eaton Vance Municipal Income Trust by 12.8% in the first quarter. NewEdge Advisors LLC now owns 69,298 shares of the investment management company’s stock worth $721,000 after buying an additional 7,867 shares in the last quarter.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax. The fund primarily invests in a diversified portfolio of municipal obligations issued by states, municipalities and other governmental entities in the United States.

Its portfolio may include bonds and other debt securities that finance public infrastructure and essential services, such as schools, transportation systems, utilities and healthcare facilities.