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

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid 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 is Friday, March 14th.

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

Eaton Vance New York Municipal Bond Fund Stock Performance

Shares of ENX traded down $0.02 during mid-day trading on Tuesday, reaching $9.79. The company’s stock had a trading volume of 15,404 shares, compared to its average volume of 34,449. Eaton Vance New York Municipal Bond Fund has a 1-year low of $9.27 and a 1-year high of $10.14. The business has a 50-day simple moving average of $9.71 and a two-hundred day simple moving average of $9.70.

Insider Transactions at Eaton Vance New York Municipal Bond Fund

In other Eaton Vance New York Municipal Bond Fund news, major shareholder Saba Capital Management, L.P. purchased 12,622 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $9.77 per share, with a total value of $123,316.94. Following the completion of the transaction, the insider now owns 3,384,325 shares in the company, valued at $33,064,855.25. The trade was a 0.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders purchased 174,524 shares of company stock worth $1,679,965.

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.