Eaton Vance Municipal Bond Fund (EIM) to Issue Monthly Dividend of $0.05 on April 30th

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.0468 per share on Tuesday, April 30th. This represents a $0.56 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend is Monday, April 22nd.

Eaton Vance Municipal Bond Fund Trading Up 0.3 %

EIM stock opened at $10.04 on Friday. Eaton Vance Municipal Bond Fund has a 1-year low of $8.61 and a 1-year high of $10.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its stake in Eaton Vance Municipal Bond Fund by 12.6% in the 4th quarter. Morgan Stanley now owns 2,023,619 shares of the company’s stock valued at $21,025,000 after acquiring an additional 225,920 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Eaton Vance Municipal Bond Fund by 3,154.8% in the first quarter. Rockefeller Capital Management L.P. now owns 136,768 shares of the company’s stock valued at $1,422,000 after purchasing an additional 132,566 shares during the period. Robinson Capital Management LLC purchased a new stake in shares of Eaton Vance Municipal Bond Fund during the 1st quarter valued at approximately $1,089,000. Guggenheim Capital LLC boosted its holdings in Eaton Vance Municipal Bond Fund by 34.7% in the 1st quarter. Guggenheim Capital LLC now owns 302,786 shares of the company’s stock worth $3,482,000 after buying an additional 78,076 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Eaton Vance Municipal Bond Fund by 27.2% in the 1st quarter. Advisors Asset Management Inc. now owns 350,208 shares of the company’s stock valued at $4,027,000 after buying an additional 74,830 shares in the last quarter.

About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.