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

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Monday, January 13th will be paid a dividend of 0.05 per share on Wednesday, January 22nd. The ex-dividend date of this dividend is Monday, January 13th.

Eaton Vance California Municipal Income Trust has decreased its dividend by an average of 7.9% per year over the last three years.

Eaton Vance California Municipal Income Trust Price Performance

Shares of Eaton Vance California Municipal Income Trust stock traded up $0.06 during mid-day trading on Friday, reaching $10.20. 47,656 shares of the stock traded hands, compared to its average volume of 45,678. The business has a 50-day moving average of $10.41 and a 200 day moving average of $10.75. Eaton Vance California Municipal Income Trust has a fifty-two week low of $10.01 and a fifty-two week high of $11.29.

Insider Activity at Eaton Vance California Municipal Income Trust

In other Eaton Vance California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 5,500 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $10.69, for a total value of $58,795.00. Following the completion of the sale, the insider now owns 726,369 shares in the company, valued at approximately $7,764,884.61. This represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 42,844 shares of company stock valued at $462,368.

Eaton Vance California Municipal Income Trust Company Profile

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.