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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.0782 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, April 15th.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

NYSE:ETX opened at $18.62 on Monday. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $17.65 and a 52 week high of $20.00. The stock’s fifty day moving average is $18.82 and its two-hundred day moving average is $18.97.

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.