EATON VANCE MUN/SHS Announces Monthly Dividend of $0.07 (NYSE:ETX)
EATON VANCE MUN/SHS (NYSE:ETX) announced a monthly dividend on Monday, July 1st, Zacks reports. Shareholders of record on Wednesday, July 24th will be paid a dividend of 0.071 per share by the investment management company on Wednesday, July 31st. This represents a $0.85 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, July 23rd.
EATON VANCE MUN/SHS has increased its dividend by an average of 3.0% per year over the last three years. EATON VANCE MUN/SHS has a dividend payout ratio of -1,214.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of NYSE ETX opened at $21.01 on Monday. EATON VANCE MUN/SHS has a 12 month low of $17.98 and a 12 month high of $21.20. The company’s 50 day simple moving average is $20.70.
Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust.
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