Eaton Vance Municipal Income 2028 Term Trust (ETX) To Go Ex-Dividend on May 15th

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) announced a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.0782 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, May 15th.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

NYSE ETX remained flat at $18.83 during trading hours on Wednesday. 102 shares of the company’s stock were exchanged, compared to its average volume of 14,701. The firm has a fifty day moving average price of $18.77 and a 200-day moving average price of $18.90. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $17.97 and a 52 week high of $20.00.

About Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The trust primarily invests in investment-grade municipal securities that mature on or before the trust’s termination date in 2028, focusing on debt issued by state and local governments, authorities, and agencies across the United States.

The portfolio is diversified across sectors such as transportation, education, healthcare, utilities, and general purpose obligations, with the goal of managing credit risk and preserving capital.