Eaton Vance California Municipal Income Trust Announces Monthly Dividend of $0.05 (NYSE:CEV)

Key Points

• $0.05 monthly dividend announced for Eaton Vance California Municipal Income Trust (NYSE:CEV); shareholders of record on April 14 will be paid on April 24, with an annualized yield of about 5.8% (ex-dividend date April 14).
• The trust is a closed-end fund that primarily invests in investment-grade California municipal securities to provide current income exempt from federal and California personal income tax, targeting investors in higher tax brackets.
• Shares opened at $10.30, trading in a 52-week range of $9.31–$10.78, with a 50-day simple moving average of $10.39 and a 200-day SMA of $10.28, placing the price near recent averages.

Eaton Vance California Municipal Income Trust (NYSE:CEV - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Tuesday, April 14th will be paid a dividend of 0.05 per share on Friday, April 24th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, April 14th.

Eaton Vance California Municipal Income Trust Price Performance

Shares of NYSE:CEV opened at $10.30 on Friday. Eaton Vance California Municipal Income Trust has a 52 week low of $9.31 and a 52 week high of $10.78. The firm has a fifty day simple moving average of $10.39 and a two-hundred day simple moving average of $10.28.

Eaton Vance California Municipal Income Trust Company Profile

Eaton Vance California Municipal Income Trust is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax and California personal income tax. The trust primarily invests in investment-grade municipal securities issued by state and local governmental entities, with a portfolio focus on California debt obligations. Its tax-exempt income objective makes it a specialized option for investors in higher tax brackets seeking steady tax-advantaged distributions.

The trust's portfolio typically includes a diversified mix of general obligation bonds, revenue bonds and essential-service obligations that finance public utilities, transportation, education and healthcare facilities within California.

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