Eaton Vance Municipal Income Trust (NYSE:EVN) Plans $0.05 Monthly Dividend

Eaton Vance Municipal Income Trust (NYSE:EVN) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Monday, May 13th will be paid a dividend of 0.0461 per share by the investment management company on Monday, May 20th. This represents a $0.55 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend is Friday, May 10th.

Eaton Vance Municipal Income Trust has decreased its dividend by an average of 5.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Eaton Vance Municipal Income Trust Stock Performance

Eaton Vance Municipal Income Trust stock opened at $10.18 on Thursday. Eaton Vance Municipal Income Trust has a 1 year low of $8.64 and a 1 year high of $10.45. The company’s 50-day moving average is $10.09 and its two-hundred day moving average is $9.86.

About Eaton Vance Municipal Income Trust

Eaton Vance 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 investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.