Eaton Vance California Municipal Income Trust (CEV) To Go Ex-Dividend on September 14th

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be paid a dividend of 0.05 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Monday, September 14th.

Eaton Vance California Municipal Income Trust Price Performance

Shares of CEV stock opened at $10.44 on Thursday. Eaton Vance California Municipal Income Trust has a fifty-two week low of $9.45 and a fifty-two week high of $10.84. The stock’s 50-day simple moving average is $10.48 and its 200-day simple moving average is $10.38.

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.