Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Plans Monthly Dividend of $0.05

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.0508 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, February 17th.

Eaton Vance Municipal Bond Fund Stock Performance

Shares of EIM stock traded up $0.03 on Tuesday, hitting $9.96. The stock had a trading volume of 128,789 shares, compared to its average volume of 161,527. Eaton Vance Municipal Bond Fund has a one year low of $9.27 and a one year high of $10.54. The business has a 50 day moving average price of $9.83 and a 200 day moving average price of $9.83.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EIM. World Investment Advisors purchased a new stake in shares of Eaton Vance Municipal Bond Fund during the 3rd quarter valued at $433,000. Plancorp LLC increased its position in Eaton Vance Municipal Bond Fund by 139.0% during the 3rd quarter. Plancorp LLC now owns 23,900 shares of the company’s stock valued at $238,000 after buying an additional 13,900 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Eaton Vance Municipal Bond Fund during the 2nd quarter valued at about $54,000. Karpus Management Inc. raised its stake in Eaton Vance Municipal Bond Fund by 4.0% in the second quarter. Karpus Management Inc. now owns 7,294,955 shares of the company’s stock valued at $70,542,000 after buying an additional 281,307 shares during the last quarter. Finally, Wellspring Financial Advisors LLC boosted its holdings in Eaton Vance Municipal Bond Fund by 39.1% in the second quarter. Wellspring Financial Advisors LLC now owns 45,374 shares of the company’s stock worth $439,000 after acquiring an additional 12,763 shares in the last quarter.

About Eaton Vance Municipal Bond Fund

The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.

Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.