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

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Friday, November 1st, Wall Street Journal reports. Shareholders 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 5.74%. The ex-dividend date is Friday, November 8th.

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 CEV stock traded down $0.06 on Wednesday, reaching $10.45. 4,621 shares of the company were exchanged, compared to its average volume of 22,385. The company has a 50-day moving average of $10.80 and a 200-day moving average of $10.81. Eaton Vance California Municipal Income Trust has a one year low of $9.21 and a one year high of $11.29.

Insider Transactions at Eaton Vance California Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 5,500 shares of the firm’s 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 transaction, the insider now owns 726,369 shares of the company’s stock, valued at approximately $7,764,884.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 188,134 shares of company stock valued at $2,046,247 over the last ninety days.

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.