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

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Monday, November 3rd. Investors of record on Thursday, November 13th will be paid a dividend of 0.05 per share on Wednesday, November 26th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Thursday, November 13th.

Eaton Vance California Municipal Income Trust Stock Up 0.1%

CEV stock opened at $10.23 on Tuesday. The company has a fifty day simple moving average of $9.97 and a 200 day simple moving average of $9.74. Eaton Vance California Municipal Income Trust has a 1 year low of $9.31 and a 1 year high of $10.75.

Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust

A number of institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC boosted its holdings in shares of Eaton Vance California Municipal Income Trust by 126.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 21,521 shares of the company’s stock worth $217,000 after buying an additional 12,029 shares during the period. Osaic Holdings Inc. increased its stake in Eaton Vance California Municipal Income Trust by 400.0% during the second quarter. Osaic Holdings Inc. now owns 10,000 shares of the company’s stock valued at $97,000 after acquiring an additional 8,000 shares during the period. Raymond James Financial Inc. increased its position in shares of Eaton Vance California Municipal Income Trust by 7.5% during the second quarter. Raymond James Financial Inc. now owns 51,580 shares of the company’s stock valued at $500,000 after purchasing an additional 3,606 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Eaton Vance California Municipal Income Trust in the 2nd quarter valued at $52,000. Finally, WESCAP Management Group Inc. bought a new position in Eaton Vance California Municipal Income Trust during the second quarter worth about $570,000. Institutional investors own 35.88% of the company’s stock.

About Eaton Vance California Municipal Income Trust

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.