Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Announces Dividend Increase – $0.08 Per Share

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) declared a monthly dividend on Friday, November 1st,Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.0782 per share by the investment management company on Friday, November 29th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Thursday, November 21st. This is a boost from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08.

Eaton Vance Municipal Income 2028 Term Trust has decreased its dividend by an average of 5.2% per year over the last three years.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Shares of ETX opened at $18.18 on Wednesday. The company’s fifty day moving average is $18.68 and its 200 day moving average is $18.66. Eaton Vance Municipal Income 2028 Term Trust has a fifty-two week low of $17.28 and a fifty-two week high of $19.44.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust.