Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Plans $0.08 Monthly Dividend

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) announced a monthly dividend on Monday, January 5th. Stockholders of record on Thursday, January 15th will be given a dividend of 0.0782 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, January 15th.

Eaton Vance Municipal Income 2028 Term Trust Stock Down 0.4%

Shares of ETX stock opened at $18.71 on Tuesday. Eaton Vance Municipal Income 2028 Term Trust has a one year low of $17.63 and a one year high of $20.00. The company’s 50-day simple moving average is $19.11 and its 200-day simple moving average is $18.82.

About Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The trust primarily invests in investment-grade municipal securities that mature on or before the trust’s termination date in 2028, focusing on debt issued by state and local governments, authorities, and agencies across the United States.

The portfolio is diversified across sectors such as transportation, education, healthcare, utilities, and general purpose obligations, with the goal of managing credit risk and preserving capital.