Eaton Vance New York Municipal Bond Fund Plans Monthly Dividend of $0.04 (NYSE:ENX)

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.0417 per share on Monday, March 31st. This represents a $0.50 annualized dividend and a dividend yield of 5.11%. The ex-dividend date is Friday, March 14th.

Eaton Vance New York Municipal Bond Fund has increased its dividend payment by an average of 0.5% annually over the last three years.

Eaton Vance New York Municipal Bond Fund Stock Down 0.2 %

ENX traded down $0.02 during trading on Tuesday, reaching $9.79. 15,404 shares of the company’s stock were exchanged, compared to its average volume of 34,449. The business has a 50 day moving average price of $9.71 and a 200 day moving average price of $9.70. Eaton Vance New York Municipal Bond Fund has a fifty-two week low of $9.27 and a fifty-two week high of $10.14.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 12,622 shares of Eaton Vance New York Municipal Bond Fund stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $9.77 per share, for a total transaction of $123,316.94. Following the purchase, the insider now owns 3,384,325 shares of the company’s stock, valued at approximately $33,064,855.25. This trade represents a 0.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 174,524 shares of company stock valued at $1,679,965 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.