Eaton Vance California Municipal Income Trust (CEV) to Issue Monthly Dividend of $0.05 on April 24th

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Wednesday, April 1st. Stockholders of record on Tuesday, April 14th will be paid a dividend of 0.05 per share on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Tuesday, April 14th.

Eaton Vance California Municipal Income Trust Stock Up 0.9%

CEV opened at $10.30 on Friday. Eaton Vance California Municipal Income Trust has a 12 month low of $9.31 and a 12 month high of $10.78. The firm’s fifty day simple moving average is $10.39 and its 200 day simple moving average is $10.28.

About Eaton Vance California Municipal Income Trust

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.