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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) declared a monthly dividend on Monday, March 2nd. Investors of record on Monday, March 16th will be paid a dividend of 0.0782 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, March 16th.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 0.4%

ETX stock opened at $18.84 on Friday. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $17.63 and a 52 week high of $20.00. The firm has a 50 day moving average of $18.83 and a 200 day moving average of $19.02.

Institutional Investors Weigh In On Eaton Vance Municipal Income 2028 Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at $155,000. Clark Capital Management Group Inc. purchased a new position in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter worth $187,000. Mutual Advisors LLC purchased a new position in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter worth $204,000. Anchor Investment Management LLC lifted its position in Eaton Vance Municipal Income 2028 Term Trust by 16.0% during the 3rd quarter. Anchor Investment Management LLC now owns 10,900 shares of the investment management company’s stock worth $210,000 after acquiring an additional 1,500 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth about $246,000.

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.