CEV vs. DTF, GCV, JEQ, NXC, EEA, CEE, BCV, SSSS, NMI, and NMT
Should you be buying Eaton Vance California Municipal Income Trust stock or one of its competitors? The main competitors of Eaton Vance California Municipal Income Trust include DTF Tax-Free Income 2028 Term Fund (DTF), The Gabelli Convertible and Income Securities Fund (GCV), Abrdn Japan Equity Fund (JEQ), Nuveen California Select Tax-Free Income Portfolio (NXC), The European Equity Fund (EEA), The Central and Eastern Europe Fund (CEE), Bancroft Fund (BCV), SuRo Capital (SSSS), Nuveen Municipal Income Fund (NMI), and Nuveen Massachusetts Quality Municipal Income Fund (NMT). These companies are all part of the "investment offices, not elsewhere classified" industry.
DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) and Eaton Vance California Municipal Income Trust (NYSE:CEV) are both small-cap finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their earnings, risk, institutional ownership, community ranking, dividends, profitability, valuation, media sentiment and analyst recommendations.
DTF Tax-Free Income 2028 Term Fund pays an annual dividend of $0.39 per share and has a dividend yield of 3.6%. Eaton Vance California Municipal Income Trust pays an annual dividend of $0.45 per share and has a dividend yield of 4.3%. Eaton Vance California Municipal Income Trust has raised its dividend for 1 consecutive years. Eaton Vance California Municipal Income Trust is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
43.8% of DTF Tax-Free Income 2028 Term Fund shares are owned by institutional investors. Comparatively, 35.9% of Eaton Vance California Municipal Income Trust shares are owned by institutional investors. 0.2% of DTF Tax-Free Income 2028 Term Fund shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
DTF Tax-Free Income 2028 Term Fund has a beta of 0.3, suggesting that its share price is 70% less volatile than the S&P 500. Comparatively, Eaton Vance California Municipal Income Trust has a beta of 0.34, suggesting that its share price is 66% less volatile than the S&P 500.
DTF Tax-Free Income 2028 Term Fund received 76 more outperform votes than Eaton Vance California Municipal Income Trust when rated by MarketBeat users.
In the previous week, DTF Tax-Free Income 2028 Term Fund's average media sentiment score of 1.33 beat Eaton Vance California Municipal Income Trust's score of 0.00 indicating that Eaton Vance California Municipal Income Trust is being referred to more favorably in the news media.
Summary
DTF Tax-Free Income 2028 Term Fund and Eaton Vance California Municipal Income Trust tied by winning 4 of the 8 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CEV and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Eaton Vance California Municipal Income Trust Competitors List
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