Eaton Vance Municipal Incm 2028 Term Tr (ETX) Declares $0.07 Monthly Dividend
Eaton Vance Municipal Incm 2028 Term Tr (NYSE:ETX) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, January 24th will be given a dividend of 0.0709 per share by the investment management company on Wednesday, January 31st. This represents a $0.85 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Tuesday, January 23rd.
Eaton Vance Municipal Incm 2028 Term Tr has a payout ratio of -1,214.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of Eaton Vance Municipal Incm 2028 Term Tr (NYSE:ETX) traded down $0.03 during trading on Wednesday, reaching $20.54. The company’s stock had a trading volume of 13,656 shares, compared to its average volume of 13,600. Eaton Vance Municipal Incm 2028 Term Tr has a fifty-two week low of $18.69 and a fifty-two week high of $21.20.
About Eaton Vance Municipal Incm 2028 Term Tr
Eaton Vance Municipal Income 2028 Term Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal obligations, a portion of which will be investment grade and a portion of which may be below investment grade at the time of investment.
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