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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Monday, November 3rd. Stockholders of record on Thursday, November 13th will be paid a dividend of 0.05 per share on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Thursday, November 13th.

Eaton Vance California Municipal Income Trust Trading Up 0.1%

CEV opened at $10.23 on Tuesday. The stock has a 50-day moving average of $9.97 and a 200-day moving average of $9.74. Eaton Vance California Municipal Income Trust has a 52-week low of $9.31 and a 52-week high of $10.75.

Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust

Hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC increased its holdings in Eaton Vance California Municipal Income Trust by 126.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 21,521 shares of the company’s stock valued at $217,000 after purchasing an additional 12,029 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Eaton Vance California Municipal Income Trust by 400.0% in the 2nd quarter. Osaic Holdings Inc. now owns 10,000 shares of the company’s stock valued at $97,000 after buying an additional 8,000 shares during the period. Raymond James Financial Inc. boosted its position in shares of Eaton Vance California Municipal Income Trust by 7.5% in the 2nd quarter. Raymond James Financial Inc. now owns 51,580 shares of the company’s stock worth $500,000 after purchasing an additional 3,606 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Eaton Vance California Municipal Income Trust in the 2nd quarter worth $52,000. Finally, WESCAP Management Group Inc. bought a new position in shares of Eaton Vance California Municipal Income Trust in the 2nd quarter worth $570,000. 35.88% of the stock is owned by institutional investors and hedge funds.

About Eaton Vance California Municipal Income Trust

Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.