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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.05 per share on Thursday, December 19th. The ex-dividend date of this dividend is Thursday, December 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 Price Performance

CEV traded up $0.04 during trading on Tuesday, reaching $10.67. The company’s stock had a trading volume of 5,672 shares, compared to its average volume of 29,390. The company’s fifty day moving average price is $10.60 and its 200-day moving average price is $10.81. Eaton Vance California Municipal Income Trust has a 52-week low of $9.91 and a 52-week high of $11.29.

Insider Buying and Selling

In other Eaton Vance California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 11,503 shares of Eaton Vance California Municipal Income Trust stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $11.02, for a total value of $126,763.06. Following the completion of the sale, the insider now owns 927,044 shares in the company, valued at $10,216,024.88. The trade was a 1.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 188,134 shares of company stock valued at $2,046,247 over the last quarter.

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.