Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Announces $0.08 Monthly Dividend

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.0782 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

Eaton Vance Municipal Income 2028 Term Trust Trading Up 0.5%

Shares of NYSE ETX traded up $0.09 during mid-day trading on Thursday, reaching $18.74. The company had a trading volume of 3,777 shares, compared to its average volume of 13,569. The firm has a 50 day simple moving average of $18.84 and a two-hundred day simple moving average of $18.82. Eaton Vance Municipal Income 2028 Term Trust has a 52-week low of $18.00 and a 52-week high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The trust primarily invests in investment-grade municipal securities that mature on or before the trust’s termination date in 2028, focusing on debt issued by state and local governments, authorities, and agencies across the United States.

The portfolio is diversified across sectors such as transportation, education, healthcare, utilities, and general purpose obligations, with the goal of managing credit risk and preserving capital.