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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a monthly dividend on Friday, November 1st, Wall Street Journal reports. Investors of record on Monday, November 11th will be paid a dividend of 0.05 per share on Monday, November 18th. This represents a $0.60 annualized dividend and a yield of 5.72%. 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% per year over the last three years.

Eaton Vance California Municipal Income Trust Price Performance

CEV opened at $10.49 on Wednesday. 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 company’s 50-day moving average is $10.80 and its 200 day moving average is $10.81.

Insider Buying and Selling at Eaton Vance California Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 31,551 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $10.81, for a total value of $341,066.31. Following the transaction, the insider now owns 694,818 shares in the company, valued at $7,510,982.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 188,134 shares of company stock worth $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.