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

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.05 per share on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, March 13th.

Eaton Vance California Municipal Income Trust Price Performance

Shares of CEV stock opened at $10.77 on Wednesday. Eaton Vance California Municipal Income Trust has a 12-month low of $9.31 and a 12-month high of $10.78. The firm has a fifty day moving average of $10.31 and a 200-day moving average of $10.17.

Eaton Vance California Municipal Income Trust Company Profile

Eaton Vance California Municipal Income Trust is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax and California personal income tax. The trust primarily invests in investment-grade municipal securities issued by state and local governmental entities, with a portfolio focus on California debt obligations. Its tax-exempt income objective makes it a specialized option for investors in higher tax brackets seeking steady tax-advantaged distributions.

The trust’s portfolio typically includes a diversified mix of general obligation bonds, revenue bonds and essential-service obligations that finance public utilities, transportation, education and healthcare facilities within California.