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

Eaton Vance California Municipal Income Trust (NYSE:CEV) announced a dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Monday, January 13th will be given 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% annually over the last three years.

Eaton Vance California Municipal Income Trust Trading Up 0.6 %

NYSE:CEV opened at $10.20 on Friday. The firm’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $10.74. Eaton Vance California Municipal Income Trust has a one year low of $10.01 and a one year high of $11.29.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 5,500 shares of Eaton Vance California Municipal Income Trust stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $10.69, for a total transaction of $58,795.00. Following the completion of the sale, the insider now owns 726,369 shares of the company’s stock, valued at approximately $7,764,884.61. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 42,844 shares of company stock worth $462,368 over the last three months.

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.