Eaton Vance California Municipal Income Trust (NYSE:CEV - Get Free Report) announced a monthly dividend on Wednesday, July 2nd, Wall Street Journal reports. Stockholders of record on Friday, July 11th will be given a dividend of 0.05 per share on Wednesday, July 23rd. This represents a $0.60 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Friday, July 11th.
Eaton Vance California Municipal Income Trust Stock Down 0.1%
Shares of CEV traded down $0.01 during trading hours on Friday, hitting $9.71. The stock had a trading volume of 29,124 shares, compared to its average volume of 32,141. The company's fifty day moving average is $9.67 and its two-hundred day moving average is $9.91. Eaton Vance California Municipal Income Trust has a 52 week low of $9.31 and a 52 week high of $11.29.
Institutional Investors Weigh In On Eaton Vance California Municipal Income Trust
An institutional investor recently raised its position in Eaton Vance California Municipal Income Trust stock. Royal Bank of Canada boosted its stake in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV - Free Report) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,933 shares of the company's stock after acquiring an additional 1,630 shares during the quarter. Royal Bank of Canada owned approximately 0.82% of Eaton Vance California Municipal Income Trust worth $581,000 as of its most recent SEC filing. Institutional investors and hedge funds own 35.88% of the company's stock.
Eaton Vance California Municipal Income Trust Company Profile
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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.
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