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

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% annually over the last three years.

Eaton Vance California Municipal Income Trust Trading Up 0.6 %

Shares of NYSE:CEV traded up $0.06 during trading on Friday, reaching $10.20. The stock had a trading volume of 47,656 shares, compared to its average volume of 45,678. Eaton Vance California Municipal Income Trust has a 52 week low of $10.01 and a 52 week high of $11.29. The firm’s fifty day moving average is $10.41 and its 200 day moving average is $10.75.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 in the company, valued at $7,764,884.61. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 42,844 shares of company stock worth $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.