Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Declares Monthly Dividend of $0.08

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) declared a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.0782 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 15th.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.2%

Shares of ETX traded up $0.04 during midday trading on Wednesday, reaching $18.21. 1,676 shares of the stock were exchanged, compared to its average volume of 14,305. The business’s 50-day moving average price is $18.41 and its 200 day moving average price is $18.68. Eaton Vance Municipal Income 2028 Term Trust has a twelve month low of $18.02 and a twelve month high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

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.