Eaton Vance Municipal Income 2028 Term Trust (ETX) to Issue Monthly Dividend of $0.08 on March 31st

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) announced a monthly dividend on Monday, March 2nd. Investors of record on Monday, March 16th will be paid a dividend of 0.0782 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, March 16th.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

NYSE:ETX traded down $0.07 on Friday, reaching $18.84. 18,648 shares of the stock traded hands, compared to its average volume of 14,150. Eaton Vance Municipal Income 2028 Term Trust has a 1-year low of $17.63 and a 1-year high of $20.00. The company’s 50 day moving average is $18.83 and its 200-day moving average is $19.02.

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.