Eaton Vance California Municipal Income Trust (NYSE:CEV - Get Free Report) announced a monthly dividend on Friday, November 1st, Wall Street Journal reports. Shareholders of record on Monday, November 11th will be given a dividend of 0.05 per share on Monday, November 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Friday, November 8th.
Eaton Vance California Municipal Income Trust has decreased its dividend by an average of 7.9% per year over the last three years.
Eaton Vance California Municipal Income Trust Stock Performance
Shares of NYSE:CEV traded down $0.01 during midday trading on Monday, reaching $10.50. 15,838 shares of the company traded hands, compared to its average volume of 22,485. The firm's fifty day moving average price is $10.80 and its two-hundred day moving average price is $10.81. Eaton Vance California Municipal Income Trust has a 12 month low of $9.12 and a 12 month high of $11.29.
Insider Activity
In other news, major shareholder Saba Capital Management, L.P. sold 11,503 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $11.02, for a total value of $126,763.06. Following the completion of the transaction, the insider now directly owns 927,044 shares in the company, valued at approximately $10,216,024.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 188,134 shares of company stock worth $2,046,247 over the last ninety days.
About Eaton Vance California Municipal Income Trust
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Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.
Further Reading
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