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

Key Points

• Eaton Vance California Municipal Income Trust announced a monthly dividend of $0.05 per share, with an annualized yield of 6.0%, payable on October 23rd to stockholders of record on October 13th.
• Hedge funds and institutional investors have increased their stakes in the trust, with Northwestern Mutual Wealth Management and Osaic Holdings Inc. among those making significant investments in the second quarter.
• The trust's stock opened at $10.08, with a 12-month trading range between $9.31 and $10.90, indicating moderate price stability.

Eaton Vance California Municipal Income Trust (NYSE:CEV - Get Free Report) announced a monthly dividend on Wednesday, October 1st. Stockholders of record on Monday, October 13th will be given a dividend of 0.05 per share on Thursday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, October 13th.

Eaton Vance California Municipal Income Trust Trading Down 0.0%

NYSE CEV opened at $10.08 on Thursday. Eaton Vance California Municipal Income Trust has a 12-month low of $9.31 and a 12-month high of $10.90. The firm's 50 day moving average is $9.66 and its 200-day moving average is $9.70.

Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Eaton Vance California Municipal Income Trust in the second quarter valued at $52,000. Osaic Holdings Inc. grew its stake in shares of Eaton Vance California Municipal Income Trust by 400.0% in the second quarter. Osaic Holdings Inc. now owns 10,000 shares of the company's stock valued at $97,000 after buying an additional 8,000 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Eaton Vance California Municipal Income Trust in the first quarter valued at $126,000. Plancorp LLC bought a new position in shares of Eaton Vance California Municipal Income Trust in the first quarter valued at $200,000. Finally, Raymond James Financial Inc. grew its stake in shares of Eaton Vance California Municipal Income Trust by 7.5% in the second quarter. Raymond James Financial Inc. now owns 51,580 shares of the company's stock valued at $500,000 after buying an additional 3,606 shares in the last quarter. 35.88% of the stock is owned by institutional investors.

About Eaton Vance California Municipal Income Trust

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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