Eaton Vance Municipal Incm 2028 Term Tr (NYSE:ETX) declared a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, February 21st will be given a dividend of 0.0709 per share by the investment management company on Wednesday, February 28th. This represents a $0.85 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Tuesday, February 20th.
Eaton Vance Municipal Incm 2028 Term Tr has a dividend payout ratio of -1,214.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Eaton Vance Municipal Incm 2028 Term Tr (NYSE:ETX) traded down $0.38 during mid-day trading on Friday, hitting $19.42. 38,127 shares of the stock traded hands, compared to its average volume of 28,358. Eaton Vance Municipal Incm 2028 Term Tr has a 1 year low of $18.69 and a 1 year high of $21.20.
ILLEGAL ACTIVITY NOTICE: “Eaton Vance Municipal Incm 2028 Term Tr (ETX) Plans $0.07 Monthly Dividend” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/02/eaton-vance-municipal-incm-2028-term-tr-etx-plans-0-07-monthly-dividend.html.
Eaton Vance Municipal Income 2028 Term Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal obligations, a portion of which will be investment grade and a portion of which may be below investment grade at the time of investment.
Receive News & Ratings for Eaton Vance Municipal Incm 2028 Term Tr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Municipal Incm 2028 Term Tr and related companies with MarketBeat.com's FREE daily email newsletter.