Eaton Vance Michigan Municipal Bond Fund (MIW) Announces $0.05 Monthly Dividend
Eaton Vance Michigan Municipal Bond Fund (NYSEAMERICAN:MIW) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 22nd will be given a dividend of 0.0475 per share on Friday, December 29th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Thursday, December 21st.
Eaton Vance Michigan Municipal Bond Fund (NYSEAMERICAN:MIW) traded down $0.06 during trading on Monday, hitting $13.45. 1,076 shares of the stock were exchanged, compared to its average volume of 3,122. Eaton Vance Michigan Municipal Bond Fund has a 12-month low of $12.92 and a 12-month high of $14.39.
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Eaton Vance Michigan Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state. The Fund invests in various sectors, including education, electric utilities, insured-education, general obligations, insured-electric utilities, insured-general obligations, hospital, insured-bond bank, insured escrowed/prerefunded, and water and sewer industries.
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