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

Eaton Vance Municipal Income Trust (NYSE:EVN) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 14th will be paid a dividend of 0.0513 per share by the investment management company on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Monday, September 14th.

Eaton Vance Municipal Income Trust Stock Down 1.8%

EVN stock opened at $10.58 on Wednesday. The business’s 50-day moving average price is $10.84 and its 200-day moving average price is $10.76. Eaton Vance Municipal Income Trust has a twelve month low of $10.09 and a twelve month high of $11.26.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Guggenheim Capital LLC raised its stake in Eaton Vance Municipal Income Trust by 17.7% during the 4th quarter. Guggenheim Capital LLC now owns 957,988 shares of the investment management company’s stock valued at $10,308,000 after purchasing an additional 143,896 shares during the period. Raymond James Financial Inc. lifted its stake in Eaton Vance Municipal Income Trust by 3.2% in the 3rd quarter. Raymond James Financial Inc. now owns 823,277 shares of the investment management company’s stock worth $9,114,000 after purchasing an additional 25,682 shares in the last quarter. UBS Group AG boosted its holdings in shares of Eaton Vance Municipal Income Trust by 0.4% during the 4th quarter. UBS Group AG now owns 399,755 shares of the investment management company’s stock valued at $4,301,000 after purchasing an additional 1,737 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Eaton Vance Municipal Income Trust by 1.2% in the first quarter. Bank of America Corp DE now owns 343,201 shares of the investment management company’s stock worth $3,573,000 after purchasing an additional 4,171 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Eaton Vance Municipal Income Trust by 3.5% during the first quarter. Janney Montgomery Scott LLC now owns 247,167 shares of the investment management company’s stock valued at $2,573,000 after buying an additional 8,357 shares during the last quarter.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. The trust primarily invests in investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. By focusing on tax-exempt income, EVN aims to deliver attractive after-tax yields to individual and institutional investors.

The fund’s portfolio is diversified across sectors such as general obligation bonds, revenue bonds, essential service issuers and housing finance agencies.