Eaton Vance California Municipal Bond Fund (EVM) To Go Ex-Dividend on November 21st

Eaton Vance California Municipal Bond Fund (NYSE:EVM) announced a monthly dividend on Wednesday, November 1st, NASDAQ reports. Shareholders of record on Wednesday, November 22nd will be given a dividend of 0.0292 per share on Thursday, November 30th. This represents a $0.35 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Tuesday, November 21st.

Eaton Vance California Municipal Bond Fund Trading Up 0.8 %

EVM stock opened at $8.69 on Friday. Eaton Vance California Municipal Bond Fund has a 1-year low of $7.67 and a 1-year high of $9.36.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 36,658 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was bought at an average cost of $8.30 per share, with a total value of $304,261.40. Following the acquisition, the insider now owns 2,793,999 shares of the company’s stock, valued at approximately $23,190,191.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 225,088 shares of company stock valued at $1,834,470 in the last quarter.

Institutional Trading of Eaton Vance California Municipal Bond Fund

A hedge fund recently bought a new stake in Eaton Vance California Municipal Bond Fund stock. Envestnet Asset Management Inc. purchased a new stake in shares of Eaton Vance California Municipal Bond Fund (NYSE:EVM) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,960 shares of the company’s stock, valued at approximately $121,000.

Eaton Vance California Municipal Bond Fund Company Profile

Eaton Vance California 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.