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

Key Points

• Eaton Vance Municipal Income Trust (NYSE:EVN) declared a monthly dividend of $0.0513 per share, payable April 24 to shareholders of record on April 14, with an implied annualized yield of about 5.8% (ex-dividend date April 14).
• EVN is a closed-end fund that invests in investment-grade municipal securities to provide federally tax-exempt income; shares opened at $10.63 and trade in a 1-year range of $9.71–$11.23 with 50/200-day moving averages of $10.77/$10.88.

Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) declared a monthly dividend on Wednesday, April 1st. Stockholders of record on Tuesday, April 14th will be paid a dividend of 0.0513 per share by the investment management company on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, April 14th.

Eaton Vance Municipal Income Trust Stock Performance

Shares of Eaton Vance Municipal Income Trust stock opened at $10.63 on Friday. The stock's 50 day simple moving average is $10.77 and its 200-day simple moving average is $10.88. Eaton Vance Municipal Income Trust has a 1-year low of $9.71 and a 1-year high of $11.23.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust NYSE: EVN is a closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. The trust primarily invests in investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. By focusing on tax-exempt income, EVN aims to deliver attractive after-tax yields to individual and institutional investors.

The fund's portfolio is diversified across sectors such as general obligation bonds, revenue bonds, essential service issuers and housing finance agencies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.