Eaton Vance Municipal Income Trust (NYSE:EVN) Declares Monthly Dividend of $0.05

Key Points

• Eaton Vance Municipal Income Trust announced a monthly dividend of $0.05 per share, with a yield of 5.9%, payable to shareholders on September 24th.
• The ex-dividend date for this dividend is September 12th, meaning investors must own shares by this date to receive the payment.
• Recent institutional investments have increased in Eaton Vance Municipal Income Trust, highlighting growing interest, including significant purchases from various firms valued between $25,000 to $180,000.

Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) declared a monthly dividend on Tuesday, September 2nd, Wall Street Journal reports. Investors of record on Friday, September 12th will be paid a dividend of 0.0513 per share by the investment management company on Wednesday, September 24th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, September 12th.

Eaton Vance Municipal Income Trust Stock Performance

NYSE:EVN traded up $0.23 during mid-day trading on Monday, hitting $10.91. 108,079 shares of the stock traded hands, compared to its average volume of 90,744. Eaton Vance Municipal Income Trust has a 52 week low of $9.59 and a 52 week high of $11.31. The firm's 50 day moving average is $10.44 and its two-hundred day moving average is $10.34.

About Eaton Vance Municipal Income Trust

Eaton Vance 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 investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.