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 Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.0782 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, May 15th.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

ETX stock remained flat at $18.83 during midday trading on Wednesday. 102 shares of the company traded hands, compared to its average volume of 14,701. Eaton Vance Municipal Income 2028 Term Trust has a 1-year low of $17.97 and a 1-year high of $20.00. The company’s fifty day moving average price is $18.77 and its two-hundred day moving average price is $18.90.

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.