Eaton Vance California Municipal Income Trust (NYSE:CEV) Increases Dividend to $0.05 Per Share

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Thursday, July 11th will be given a dividend of 0.05 per share on Thursday, July 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Thursday, July 11th. This is an increase from Eaton Vance California Municipal Income Trust’s previous monthly dividend of $0.04.

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 Eaton Vance California Municipal Income Trust stock opened at $10.92 on Wednesday. The firm has a fifty day moving average of $10.69 and a two-hundred day moving average of $10.55. Eaton Vance California Municipal Income Trust has a one year low of $8.83 and a one year high of $11.10.

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.