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

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Wednesday, July 1st. Investors of record on Tuesday, July 14th will be given a dividend of 0.05 per share on Friday, July 24th. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, July 14th.

Eaton Vance California Municipal Income Trust Trading Down 0.2%

Shares of CEV opened at $10.58 on Thursday. Eaton Vance California Municipal Income Trust has a 1-year low of $9.35 and a 1-year high of $10.78. The company has a 50-day moving average of $10.30 and a 200 day moving average of $10.29.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its holdings in shares of Eaton Vance California Municipal Income Trust by 58.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 110,426 shares of the company’s stock worth $1,109,000 after buying an additional 40,826 shares during the period. LPL Financial LLC raised its holdings in shares of Eaton Vance California Municipal Income Trust by 34.7% in the fourth quarter. LPL Financial LLC now owns 140,685 shares of the company’s stock valued at $1,412,000 after acquiring an additional 36,248 shares in the last quarter. Atala Financial Inc grew its holdings in Eaton Vance California Municipal Income Trust by 133.7% during the 4th quarter. Atala Financial Inc now owns 52,582 shares of the company’s stock worth $528,000 after acquiring an additional 30,082 shares in the last quarter. Evolve Private Wealth LLC purchased a new position in Eaton Vance California Municipal Income Trust during the 4th quarter valued at about $240,000. Finally, Wedbush Securities Inc. increased its position in Eaton Vance California Municipal Income Trust by 147.4% during the 4th quarter. Wedbush Securities Inc. now owns 33,897 shares of the company’s stock valued at $340,000 after purchasing an additional 20,197 shares during the period. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Vance California Municipal Income Trust Company Profile

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.