Eaton Vance Municipal Incm 2028 Term Tr (NYSE:ETX) declared a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Investors of record on Thursday, August 24th will be given a dividend of 0.0709 per share by the investment management company on Thursday, August 31st. This represents a $0.85 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Tuesday, August 22nd.

Eaton Vance Municipal Incm 2028 Term Tr has raised its dividend by an average of 19.7% annually over the last three years. Eaton Vance Municipal Incm 2028 Term Tr has a dividend payout ratio of -1,214.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Eaton Vance Municipal Incm 2028 Term Tr to earn ($0.01) per share next year, which means the company may not be able to cover its $0.85 annual dividend with an expected future payout ratio of -8,500.0%.

Eaton Vance Municipal Incm 2028 Term Tr (ETX) opened at 20.50 on Monday. The firm’s 50 day moving average is $20.43 and its 200-day moving average is $20.08. Eaton Vance Municipal Incm 2028 Term Tr has a 52 week low of $18.64 and a 52 week high of $21.59.

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About Eaton Vance Municipal Incm 2028 Term Tr

Eaton Vance Municipal Income 2028 Term Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal obligations, a portion of which will be investment grade and a portion of which may be below investment grade at the time of investment.

Dividend History for Eaton Vance Municipal Incm 2028 Term Tr (NYSE:ETX)

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