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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) 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 0.0782 per share by the investment management company on Friday, May 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Thursday, May 23rd. This is a boost from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08.

Eaton Vance Municipal Income 2028 Term Trust has decreased its dividend payment by an average of 5.2% per year over the last three years.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

NYSE:ETX traded down $0.02 during mid-day trading on Thursday, hitting $18.29. 55,730 shares of the company’s stock traded hands, compared to its average volume of 31,356. The firm has a 50 day moving average of $18.02 and a two-hundred day moving average of $17.65. Eaton Vance Municipal Income 2028 Term Trust has a 12 month low of $16.36 and a 12 month high of $18.49.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

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.