Eaton Vance Municipal Income Trust (EVN) to Distribute Monthly Dividend of $0.05 on August 25th

Eaton Vance Municipal Income Trust (NYSE:EVN) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.0513 per share by the investment management company on Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Thursday, August 13th.

Eaton Vance Municipal Income Trust Stock Up 1.4%

NYSE EVN opened at $10.51 on Wednesday. The stock’s 50-day moving average is $10.89 and its 200-day moving average is $10.77. Eaton Vance Municipal Income Trust has a one year low of $10.09 and a one year high of $11.26.

Institutional Trading of Eaton Vance Municipal Income Trust

Several hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp boosted its holdings in shares of Eaton Vance Municipal Income Trust by 2.3% in the fourth quarter. Stifel Financial Corp now owns 89,742 shares of the investment management company’s stock valued at $966,000 after buying an additional 1,975 shares during the period. Van ECK Associates Corp raised its holdings in shares of Eaton Vance Municipal Income Trust by 18.2% during the fourth quarter. Van ECK Associates Corp now owns 175,574 shares of the investment management company’s stock worth $1,889,000 after acquiring an additional 27,041 shares during the period. LPL Financial LLC lifted its position in Eaton Vance Municipal Income Trust by 23.5% in the 4th quarter. LPL Financial LLC now owns 203,743 shares of the investment management company’s stock valued at $2,192,000 after acquiring an additional 38,710 shares in the last quarter. Bank of America Corp DE boosted its position in Eaton Vance Municipal Income Trust by 14.1% during the 2nd quarter. Bank of America Corp DE now owns 342,870 shares of the investment management company’s stock worth $3,508,000 after acquiring an additional 42,332 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Eaton Vance Municipal Income Trust by 12.0% during the second quarter. Raymond James Financial Inc. now owns 797,595 shares of the investment management company’s stock worth $8,159,000 after acquiring an additional 85,737 shares in the last quarter.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. The trust primarily invests in investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. By focusing on tax-exempt income, EVN aims to deliver attractive after-tax yields to individual and institutional investors.

The fund’s portfolio is diversified across sectors such as general obligation bonds, revenue bonds, essential service issuers and housing finance agencies.