Eaton Vance Michigan Municipal Bond Fund (NYSEMKT:MIW) announced a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Stockholders of record on Thursday, August 24th will be given a dividend of 0.0475 per share on Thursday, August 31st. This represents a $0.57 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Eaton Vance Michigan Municipal Bond Fund (NYSEMKT:MIW) opened at 13.72 on Friday. Eaton Vance Michigan Municipal Bond Fund has a 1-year low of $12.34 and a 1-year high of $15.52. The firm’s 50-day moving average is $13.86 and its 200-day moving average is $13.64.
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About Eaton Vance Michigan Municipal Bond Fund
Eaton Vance Michigan Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state. The Fund invests in various sectors, including education, electric utilities, insured-education, general obligations, insured-electric utilities, insured-general obligations, hospital, insured-bond bank, insured escrowed/prerefunded, and water and sewer industries.
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