Eaton Vance California Municipal Income Trust (CEV) to Distribute Monthly Dividend of $0.05 on September 24th

Eaton Vance California Municipal Income Trust (NYSE:CEV) declared a monthly dividend on Tuesday, September 1st. Investors of record on Monday, September 14th will be given a dividend of 0.05 per share on Thursday, September 24th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Monday, September 14th.

Eaton Vance California Municipal Income Trust Price Performance

Shares of NYSE CEV opened at $10.20 on Friday. Eaton Vance California Municipal Income Trust has a fifty-two week low of $9.82 and a fifty-two week high of $10.84. The stock’s 50-day simple moving average is $10.45 and its 200-day simple moving average is $10.37.

Institutional Investors Weigh In On Eaton Vance California Municipal Income Trust

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC boosted its stake in shares of Eaton Vance California Municipal Income Trust by 34.7% in the fourth quarter. LPL Financial LLC now owns 140,685 shares of the company’s stock valued at $1,412,000 after buying an additional 36,248 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Eaton Vance California Municipal Income Trust by 58.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 110,426 shares of the company’s stock valued at $1,109,000 after purchasing an additional 40,826 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Eaton Vance California Municipal Income Trust by 25.2% in the second quarter. Wedbush Securities Inc. now owns 65,750 shares of the company’s stock valued at $692,000 after purchasing an additional 13,253 shares during the period. Royal Bank of Canada grew its position in Eaton Vance California Municipal Income Trust by 2.9% during the first quarter. Royal Bank of Canada now owns 57,933 shares of the company’s stock worth $581,000 after buying an additional 1,630 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Eaton Vance California Municipal Income Trust by 7.5% in the second quarter. Raymond James Financial Inc. now owns 51,580 shares of the company’s stock valued at $500,000 after buying an additional 3,606 shares in the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.

About Eaton Vance California Municipal Income Trust

Eaton Vance California Municipal Income Trust is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from regular federal income tax and California personal income tax. The trust primarily invests in investment-grade municipal securities issued by state and local governmental entities, with a portfolio focus on California debt obligations. Its tax-exempt income objective makes it a specialized option for investors in higher tax brackets seeking steady tax-advantaged distributions.

The trust’s portfolio typically includes a diversified mix of general obligation bonds, revenue bonds and essential-service obligations that finance public utilities, transportation, education and healthcare facilities within California.