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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be given a dividend of 0.05 per share on Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, February 13th.

Eaton Vance California Municipal Income Trust Stock Performance

Shares of NYSE:CEV opened at $10.34 on Tuesday. The firm has a 50 day simple moving average of $10.23 and a 200 day simple moving average of $10.02. Eaton Vance California Municipal Income Trust has a 52 week low of $9.31 and a 52 week high of $10.62.

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.