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

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) announced a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Shareholders 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) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, September 12th.

Eaton Vance Municipal Income Trust Stock Performance

EVN traded up $0.04 during midday trading on Wednesday, reaching $10.44. 67,036 shares of the company were exchanged, compared to its average volume of 90,314. The company's fifty day moving average price is $10.43 and its 200 day moving average price is $10.34. Eaton Vance Municipal Income Trust has a one year low of $9.59 and a one year high of $11.31.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Several institutional investors have recently made changes to their positions in the stock. Dagco Inc. purchased a new stake in shares of Eaton Vance Municipal Income Trust in the first quarter worth $25,000. Abel Hall LLC bought a new stake in Eaton Vance Municipal Income Trust during the 2nd quarter valued at approximately $102,000. PNC Financial Services Group Inc. lifted its holdings in shares of Eaton Vance Municipal Income Trust by 33.6% during the first quarter. PNC Financial Services Group Inc. now owns 10,613 shares of the investment management company's stock valued at $109,000 after purchasing an additional 2,672 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in shares of Eaton Vance Municipal Income Trust during the second quarter valued at approximately $160,000. Finally, StoneX Group Inc. bought a new position in Eaton Vance Municipal Income Trust in the 2nd quarter valued at approximately $180,000.

Eaton Vance Municipal Income Trust Company Profile

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.

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