Eaton Vance California Municipal Income Trust (NYSE:CEV - Get Free Report) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.05 per share on Thursday, June 26th. This represents a $0.60 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date is Friday, June 13th.
Eaton Vance California Municipal Income Trust has raised its dividend payment by an average of 0.1% per year over the last three years.
Eaton Vance California Municipal Income Trust Price Performance
Shares of CEV remained flat at $9.62 during trading hours on Thursday. The stock had a trading volume of 39,103 shares, compared to its average volume of 31,087. The business's 50 day moving average is $9.71 and its two-hundred day moving average is $10.05. Eaton Vance California Municipal Income Trust has a 1-year low of $9.31 and a 1-year high of $11.29.
Institutional Trading of 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 position in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV - Free Report) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,933 shares of the company's stock after purchasing an additional 1,630 shares during the period. Royal Bank of Canada owned 0.82% of Eaton Vance California Municipal Income Trust worth $581,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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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