Eaton Vance New York Municipal Bond Fund (NYSE:ENX) to Issue Monthly Dividend of $0.04

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.0417 per share on Wednesday, April 30th. This represents a $0.50 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Tuesday, April 15th.

Eaton Vance New York Municipal Bond Fund has increased its dividend payment by an average of 0.5% per year over the last three years.

Eaton Vance New York Municipal Bond Fund Price Performance

ENX stock opened at $9.60 on Thursday. Eaton Vance New York Municipal Bond Fund has a 52 week low of $9.27 and a 52 week high of $10.14. The company’s 50-day moving average price is $9.71 and its 200 day moving average price is $9.66.

Insider Buying and Selling

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. purchased 7,708 shares of the stock in a transaction dated Friday, January 10th. The shares were acquired at an average cost of $9.43 per share, for a total transaction of $72,686.44. Following the completion of the transaction, the insider now directly owns 3,352,108 shares of the company’s stock, valued at $31,610,378.44. This trade represents a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders bought 137,173 shares of company stock valued at $1,323,933.

Eaton Vance New York Municipal Bond Fund Company Profile

Eaton Vance New York Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education.