Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) to Issue Monthly Dividend of $0.05

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.0468 per share on Tuesday, April 30th. This represents a $0.56 annualized dividend and a dividend yield of 5.59%. The ex-dividend date is Monday, April 22nd.

Eaton Vance Municipal Bond Fund Stock Performance

Shares of NYSEAMERICAN:EIM opened at $10.04 on Friday. Eaton Vance Municipal Bond Fund has a 52-week low of $8.61 and a 52-week high of $10.46.

Institutional Trading of Eaton Vance Municipal Bond Fund

Several hedge funds and other institutional investors have recently made changes to their positions in EIM. Raymond James & Associates grew its stake in shares of Eaton Vance Municipal Bond Fund by 15.4% in the 1st quarter. Raymond James & Associates now owns 373,610 shares of the company’s stock worth $4,296,000 after buying an additional 49,803 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Eaton Vance Municipal Bond Fund by 10.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,161 shares of the company’s stock worth $301,000 after buying an additional 2,387 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Eaton Vance Municipal Bond Fund by 15.1% in the 1st quarter. Private Advisor Group LLC now owns 15,252 shares of the company’s stock worth $175,000 after buying an additional 2,000 shares during the last quarter. Bank of Montreal Can purchased a new stake in Eaton Vance Municipal Bond Fund during the 1st quarter valued at $364,000. Finally, Baird Financial Group Inc. boosted its stake in Eaton Vance Municipal Bond Fund by 33.0% during the 1st quarter. Baird Financial Group Inc. now owns 54,614 shares of the company’s stock valued at $628,000 after purchasing an additional 13,549 shares during the last quarter.

Eaton Vance Municipal Bond Fund Company Profile

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.