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

Key Points

• Eaton Vance California Municipal Income Trust (NYSE: CEV) announced a monthly dividend of $0.05 per share, with payment scheduled for August 25th to stockholders of record by August 13th.
• The trust currently offers a 6.3% dividend yield and has seen shares trade around $9.52, with a 12-month high of $11.29.
• Institutional investors hold 35.88% of Eaton Vance California Municipal Income Trust's shares, with several hedge funds making recent investments in the company.

Eaton Vance California Municipal Income Trust (NYSE:CEV - Get Free Report) declared a monthly dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Wednesday, August 13th will be paid a dividend of 0.05 per share on Monday, August 25th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, August 13th.

Eaton Vance California Municipal Income Trust Stock Performance

CEV traded down $0.04 during trading hours on Friday, hitting $9.54. 24,602 shares of the stock were exchanged, compared to its average volume of 32,657. The stock has a 50-day simple moving average of $9.60 and a 200-day simple moving average of $9.83. Eaton Vance California Municipal Income Trust has a 12 month low of $9.31 and a 12 month high of $11.25.

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.