Eaton Vance California Municipal Income Trust (CEV) to Issue Monthly Dividend of $0.05 on November 18th

Posted by Anthony Bellafiore on Nov 6th, 2024

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 dividend on an annualized basis and a yield of 5.74%. 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 Down 0.6 %

Eaton Vance California Municipal Income Trust stock traded down $0.06 during mid-day trading on Wednesday, reaching $10.45. 3,325 shares of the company were exchanged, compared to its average volume of 22,377. Eaton Vance California Municipal Income Trust has a twelve month low of $9.21 and a twelve month high of $11.29. The firm’s 50-day simple moving average is $10.80 and its two-hundred day simple moving average is $10.81.

Insider Transactions at Eaton Vance California Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 5,500 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $10.69, for a total transaction of $58,795.00. Following the completion of the transaction, the insider now directly owns 726,369 shares of the company’s stock, valued at approximately $7,764,884.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 188,134 shares of company stock valued at $2,046,247.

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.