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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a dividend on Tuesday, October 1st, NASDAQ reports. Stockholders of record on Friday, October 11th will be paid a dividend of 0.05 per share on Friday, October 18th. The ex-dividend date of this dividend is Friday, October 11th.

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 Stock Performance

Shares of NYSE CEV remained flat at $10.90 during midday trading on Wednesday. 40,820 shares of the stock were exchanged, compared to its average volume of 20,626. The firm has a fifty day simple moving average of $10.98 and a 200 day simple moving average of $10.78. Eaton Vance California Municipal Income Trust has a 1 year low of $8.83 and a 1 year high of $11.29.

Insider Transactions at Eaton Vance California Municipal Income Trust

In other Eaton Vance California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 11,503 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $11.02, for a total transaction of $126,763.06. Following the completion of the sale, the insider now owns 927,044 shares in the company, valued at approximately $10,216,024.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 100,207 shares of company stock valued at $1,093,241 in the last 90 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.