Eaton Vance California Municipal Income Trust (NYSE:CEV) Declares Dividend of $0.05

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Thursday, December 12th will be given a dividend of 0.05 per share on Thursday, December 19th. The ex-dividend date of this dividend is Thursday, December 12th.

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

Eaton Vance California Municipal Income Trust Stock Performance

Shares of Eaton Vance California Municipal Income Trust stock traded up $0.04 on Tuesday, hitting $10.67. The stock had a trading volume of 5,672 shares, compared to its average volume of 29,390. Eaton Vance California Municipal Income Trust has a twelve month low of $9.91 and a twelve month high of $11.29. The stock has a 50 day moving average of $10.60 and a 200 day moving average of $10.81.

Insider Activity at Eaton Vance California Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 23,665 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $11.03, for a total value of $261,024.95. Following the completion of the sale, the insider now directly owns 938,547 shares of the company’s stock, valued at approximately $10,352,173.41. This represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 188,134 shares of company stock valued at $2,046,247 over the last three months.

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.