Eaton Vance California Municipal Income Trust (NYSE:CEV) Declares Dividend Increase – $0.05 Per Share

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Investors of record on Thursday, July 11th will be paid a dividend of 0.05 per share on Thursday, July 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Thursday, July 11th. This is a positive change from Eaton Vance California Municipal Income Trust’s previous monthly dividend of $0.04.

Eaton Vance California Municipal Income Trust has decreased its dividend by an average of 7.9% annually over the last three years.

Eaton Vance California Municipal Income Trust Price Performance

Shares of CEV stock traded down $0.02 on Tuesday, reaching $10.91. 10,783 shares of the company’s stock were exchanged, compared to its average volume of 17,374. The company’s fifty day simple moving average is $10.68 and its 200 day simple moving average is $10.55. Eaton Vance California Municipal Income Trust has a 52 week low of $8.83 and a 52 week high of $11.10.

Eaton Vance California Municipal Income Trust Company Profile

Eaton Vance California 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 debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.