Eaton Vance Michigan Municipal Bond Fund (NYSEAMERICAN:MIW) announced a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Investors of record on Wednesday, February 21st will be given a dividend of 0.0475 per share on Wednesday, February 28th. This represents a $0.57 annualized dividend and a yield of 4.35%. The ex-dividend date is Tuesday, February 20th.
Shares of Eaton Vance Michigan Municipal Bond Fund (MIW) traded down $0.12 during midday trading on Friday, reaching $13.09. The company’s stock had a trading volume of 1,917 shares, compared to its average volume of 2,533. Eaton Vance Michigan Municipal Bond Fund has a one year low of $12.92 and a one year high of $14.39.
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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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