Eaton Vance New York Municipal Bond Fund Plans Monthly Dividend of $0.04 (NYSE:ENX)

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.0417 per share on Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, March 14th.

Eaton Vance New York Municipal Bond Fund has raised its dividend by an average of 0.5% per year over the last three years.

Eaton Vance New York Municipal Bond Fund Stock Down 0.2 %

Shares of NYSE ENX traded down $0.02 during mid-day trading on Tuesday, reaching $9.79. The company had a trading volume of 15,404 shares, compared to its average volume of 34,449. Eaton Vance New York Municipal Bond Fund has a one year low of $9.27 and a one year high of $10.14. The business’s 50-day simple moving average is $9.71 and its 200 day simple moving average is $9.70.

Insider Buying and Selling at Eaton Vance New York Municipal Bond Fund

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. bought 3,602 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average cost of $9.94 per share, for a total transaction of $35,803.88. Following the completion of the purchase, the insider now directly owns 3,156,613 shares of the company’s stock, valued at approximately $31,376,733.22. This trade represents a 0.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought a total of 174,524 shares of company stock valued at $1,679,965 in the last ninety days.

About Eaton Vance New York Municipal Bond Fund

Eaton Vance New York 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.