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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Monday, August 3rd. Investors of record on Thursday, August 13th will be paid a dividend of 0.05 per share on Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Thursday, August 13th.

Eaton Vance California Municipal Income Trust Stock Up 0.2%

NYSE CEV opened at $10.07 on Tuesday. The business has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $10.33. Eaton Vance California Municipal Income Trust has a one year low of $9.37 and a one year high of $10.78.

About Eaton Vance California Municipal Income Trust

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.