Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Increases Dividend to $0.08 Per Share

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) declared a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, July 23rd will be given a dividend of 0.0782 per share by the investment management company on Wednesday, July 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Tuesday, July 23rd. This is an increase from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08.

Eaton Vance Municipal Income 2028 Term Trust has decreased its dividend by an average of 5.2% per year over the last three years.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

ETX remained flat at $18.70 during midday trading on Tuesday. The company’s stock had a trading volume of 26,746 shares, compared to its average volume of 29,726. The firm has a 50-day simple moving average of $18.47 and a 200-day simple moving average of $18.07. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $16.36 and a 52 week high of $18.90.

About Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust.