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

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Friday, August 2nd, Wall Street Journal reports. Investors of record on Monday, August 12th will be given a dividend of 0.05 per share on Monday, August 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Monday, August 12th.

Eaton Vance California Municipal Income Trust has decreased its dividend payment by an average of 7.9% annually over the last three years.

Eaton Vance California Municipal Income Trust Stock Performance

Shares of CEV traded up $0.08 during mid-day trading on Friday, hitting $11.12. The company’s stock had a trading volume of 26,302 shares, compared to its average volume of 16,533. The firm has a 50-day moving average price of $10.89 and a 200 day moving average price of $10.64. Eaton Vance California Municipal Income Trust has a fifty-two week low of $8.83 and a fifty-two week high of $11.19.

About Eaton Vance California Municipal Income Trust

Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.