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) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.0417 per share on Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Friday, March 14th.

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

Eaton Vance New York Municipal Bond Fund Price Performance

Eaton Vance New York Municipal Bond Fund stock opened at $9.79 on Wednesday. The stock has a fifty day simple moving average of $9.72 and a two-hundred day simple moving average of $9.70. Eaton Vance New York Municipal Bond Fund has a 12 month low of $9.27 and a 12 month high of $10.14.

Insiders Place Their Bets

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. bought 12,622 shares of Eaton Vance New York Municipal Bond Fund stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $9.77 per share, with a total value of $123,316.94. Following the acquisition, the insider now owns 3,384,325 shares in the company, valued at approximately $33,064,855.25. This trade represents a 0.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 170,922 shares of company stock valued at $1,644,161.

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.