Eaton Vance New York Municipal Bond Fund (ENX) to Issue Monthly Dividend of $0.04 on February 28th

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0417 per share on Friday, February 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Friday, February 14th.

Eaton Vance New York Municipal Bond Fund has raised its dividend by an average of 0.5% per year over the last three years.

Eaton Vance New York Municipal Bond Fund Trading Down 1.0 %

Shares of ENX opened at $9.71 on Wednesday. The stock has a 50 day simple moving average of $9.63 and a 200 day simple moving average of $9.69. Eaton Vance New York Municipal Bond Fund has a 52-week low of $9.27 and a 52-week high of $10.14.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 4,084 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of $9.61 per share, for a total transaction of $39,247.24. Following the completion of the acquisition, the insider now directly owns 3,356,192 shares in the company, valued at approximately $32,253,005.12. The trade was a 0.12 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 178,792 shares of company stock worth $1,721,702 over the last quarter.

Eaton Vance New York Municipal Bond Fund Company Profile

Eaton Vance New York Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education.