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

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be given a dividend of 0.05 per share on Thursday, September 24th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Monday, September 14th.

Eaton Vance California Municipal Income Trust Price Performance

Shares of NYSE:CEV opened at $10.66 on Wednesday. Eaton Vance California Municipal Income Trust has a 52 week low of $9.45 and a 52 week high of $10.84. The firm has a fifty day simple moving average of $10.48 and a two-hundred day simple moving average of $10.38.

Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Eaton Vance California Municipal Income Trust in the 2nd quarter valued at approximately $52,000. US Bancorp DE purchased a new position in shares of Eaton Vance California Municipal Income Trust during the third quarter worth $83,000. Osaic Holdings Inc. lifted its position in Eaton Vance California Municipal Income Trust by 400.0% during the second quarter. Osaic Holdings Inc. now owns 10,000 shares of the company’s stock valued at $97,000 after purchasing an additional 8,000 shares during the period. Pasadena Private Wealth LLC acquired a new stake in Eaton Vance California Municipal Income Trust during the 4th quarter worth about $100,000. Finally, Concorde Asset Management LLC purchased a new position in shares of Eaton Vance California Municipal Income Trust during the 4th quarter valued at about $100,000. 35.88% of the stock is currently owned by institutional investors.

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.