Eaton Vance Municipal Income 2028 Term Trust (ETX) to Issue Monthly Dividend of $0.06 on March 31st

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX – Get Rating) declared a monthly dividend on Wednesday, March 1st, Zacks reports. Stockholders of record on Wednesday, March 22nd will be paid a dividend of 0.062 per share by the investment management company on Friday, March 31st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Tuesday, March 21st.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

Shares of NYSE:ETX opened at $17.94 on Friday. The business’s 50-day moving average is $18.10 and its 200-day moving average is $18.54. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $17.39 and a 1 year high of $22.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 4.0% in the 4th quarter. Bank of America Corp DE now owns 371,099 shares of the investment management company’s stock valued at $6,617,000 after purchasing an additional 14,180 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 1.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,537 shares of the investment management company’s stock valued at $776,000 after purchasing an additional 602 shares during the period. Guggenheim Capital LLC bought a new stake in Eaton Vance Municipal Income 2028 Term Trust in the 1st quarter valued at about $786,000. Ancora Advisors LLC bought a new stake in Eaton Vance Municipal Income 2028 Term Trust in the 1st quarter valued at about $170,000. Finally, JPMorgan Chase & Co. bought a new stake in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at about $76,000.

About Eaton Vance Municipal Income 2028 Term Trust

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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.