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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0782 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, July 15th.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Shares of ETX traded up $0.09 during midday trading on Thursday, hitting $18.74. The company had a trading volume of 3,777 shares, compared to its average volume of 13,569. The company’s 50-day simple moving average is $18.84 and its 200-day simple moving average is $18.82. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $18.00 and a 1 year high of $20.00.

Institutional Investors Weigh In On Eaton Vance Municipal Income 2028 Term Trust

A number of large investors have recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 4.6% in the 4th quarter. Invesco Ltd. now owns 24,920 shares of the investment management company’s stock valued at $466,000 after purchasing an additional 1,094 shares in the last quarter. Anchor Investment Management LLC increased its holdings in Eaton Vance Municipal Income 2028 Term Trust by 16.0% in the third quarter. Anchor Investment Management LLC now owns 10,900 shares of the investment management company’s stock valued at $210,000 after buying an additional 1,500 shares during the last quarter. Royal Bank of Canada raised its stake in Eaton Vance Municipal Income 2028 Term Trust by 5.3% in the first quarter. Royal Bank of Canada now owns 29,981 shares of the investment management company’s stock valued at $548,000 after buying an additional 1,509 shares in the last quarter. UBS Group AG raised its stake in Eaton Vance Municipal Income 2028 Term Trust by 1.4% in the fourth quarter. UBS Group AG now owns 134,806 shares of the investment management company’s stock valued at $2,521,000 after buying an additional 1,819 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 7.8% during the 3rd quarter. Merit Financial Group LLC now owns 26,239 shares of the investment management company’s stock worth $506,000 after buying an additional 1,904 shares during the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

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.