Eaton Vance Municipal Income Trust (NYSE:EVN) Plans Monthly Dividend of $0.05

Key Points

• Eaton Vance Municipal Income Trust declared a monthly dividend of $0.0513 per share, equivalent to about $0.62 annually and a 6.1% yield. Shareholders of record November 13 are scheduled to be paid November 24.
• The fund seeks current income exempt from regular federal income tax, primarily investing in a diversified portfolio of U.S. municipal obligations.
• EVN opened at $10.08 and was reported up 0.6%; its shares have traded between $9.00 and $11.26 over the past 52 weeks.

Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) declared a monthly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be paid 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 dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, November 13th.

Eaton Vance Municipal Income Trust Stock Up 0.6%

Eaton Vance Municipal Income Trust stock opened at $10.08 on Wednesday. The company has a 50 day moving average price of $9.93 and a 200-day moving average price of $10.56. Eaton Vance Municipal Income Trust has a fifty-two week low of $9.00 and a fifty-two week high of $11.26.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EVN. Bank of America Corp DE increased its stake 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 buying an additional 4,171 shares during the period. Janney Montgomery Scott LLC raised 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 valued at $2,573,000 after acquiring an additional 8,357 shares in the last quarter. Cetera Investment Advisers raised its holdings 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 valued at $1,710,000 after acquiring an additional 1,353 shares in the last quarter. Whipplewood Advisors LLC raised its holdings 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 valued at $979,000 after acquiring an additional 1,301 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in 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 acquiring an additional 7,867 shares during the period.

Eaton Vance Municipal Income Trust Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.