Eaton Vance Michigan Municipal Bond Fund (MIW) Announces $0.05 Monthly Dividend
Eaton Vance Michigan Municipal Bond Fund (NYSEMKT:MIW) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.0475 per share on Thursday, November 30th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Tuesday, November 21st.
About Eaton Vance Michigan Municipal Bond Fund
Eaton Vance Michigan Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state. The Fund invests in various sectors, including education, electric utilities, insured-education, general obligations, insured-electric utilities, insured-general obligations, hospital, insured-bond bank, insured escrowed/prerefunded, and water and sewer industries.
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