Eaton Vance California Municipal Income Trust (NYSE:CEV - Get Free Report) announced a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.05 per share on Thursday, June 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.27%. 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% annually over the last three years.
Eaton Vance California Municipal Income Trust Stock Down 0.7%
Shares of NYSE CEV traded down $0.07 during trading on Friday, hitting $9.57. 18,079 shares of the company were exchanged, compared to its average volume of 30,093. The company has a fifty day moving average price of $9.70 and a 200-day moving average price of $10.04. Eaton Vance California Municipal Income Trust has a 12-month low of $9.31 and a 12-month high of $11.29.
Hedge Funds 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 increased its position in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,933 shares of the company's stock after buying an additional 1,630 shares during the quarter. Royal Bank of Canada owned about 0.82% of Eaton Vance California Municipal Income Trust worth $581,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 35.88% of the company's stock.
About Eaton Vance California Municipal Income Trust
(
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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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