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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Friday, November 1st, Wall Street Journal reports. Stockholders of record on Monday, November 11th will be given a dividend of 0.05 per share on Monday, November 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Friday, November 8th.

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 Price Performance

Eaton Vance California Municipal Income Trust stock opened at $10.42 on Thursday. Eaton Vance California Municipal Income Trust has a fifty-two week low of $9.21 and a fifty-two week high of $11.29. The stock has a 50-day simple moving average of $10.78 and a 200-day simple moving average of $10.81.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 31,551 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $10.81, for a total value of $341,066.31. Following the completion of the sale, the insider now directly owns 694,818 shares of the company’s stock, valued at approximately $7,510,982.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 188,134 shares of company stock valued at $2,046,247.

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.