Eaton Vance California Municipal Bond Fund Announces Monthly Dividend of $0.04 (NYSE:EVM)

Eaton Vance California Municipal Bond Fund (NYSE:EVM) declared a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.0383 per share on Friday, May 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Thursday, May 23rd.

Eaton Vance California Municipal Bond Fund has decreased its dividend by an average of 9.2% annually over the last three years.

Eaton Vance California Municipal Bond Fund Price Performance

EVM stock traded down $0.01 during mid-day trading on Thursday, reaching $9.32. 74,644 shares of the stock traded hands, compared to its average volume of 51,659. The stock has a 50-day simple moving average of $9.36. Eaton Vance California Municipal Bond Fund has a 52 week low of $7.67 and a 52 week high of $9.59.

About Eaton Vance California Municipal Bond Fund

Eaton Vance California Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education.