Eaton Vance California Municipal Bond Fund (NYSE:EVM) to Issue Monthly Dividend of $0.04

Eaton Vance California Municipal Bond Fund (NYSE:EVM) announced a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, July 23rd will be paid a dividend of 0.0417 per share on Wednesday, July 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date is Tuesday, July 23rd. This is a boost from Eaton Vance California Municipal Bond Fund’s previous monthly dividend of $0.04.

Eaton Vance California Municipal Bond Fund has decreased its dividend payment by an average of 9.2% annually over the last three years.

Eaton Vance California Municipal Bond Fund Stock Up 0.3 %

Shares of EVM stock opened at $9.59 on Wednesday. Eaton Vance California Municipal Bond Fund has a fifty-two week low of $7.67 and a fifty-two week high of $9.77. The stock’s 50-day moving average is $9.44 and its two-hundred day moving average is $9.35.

About Eaton Vance California Municipal Bond Fund

Eaton Vance California Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education.