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

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) announced a monthly dividend on Monday, March 3rd, 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 5.13%. 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% annually over the last three years.

Eaton Vance New York Municipal Bond Fund Stock Performance

Shares of NYSE ENX opened at $9.76 on Wednesday. The firm has a fifty day simple moving average of $9.75 and a two-hundred day simple moving average of $9.69. Eaton Vance New York Municipal Bond Fund has a 12 month low of $9.27 and a 12 month high of $10.14.

Insider Activity at Eaton Vance New York Municipal Bond Fund

In other news, major shareholder Saba Capital Management, L.P. bought 20,694 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average cost of $9.42 per share, with a total value of $194,937.48. Following the completion of the transaction, the insider now owns 3,256,627 shares of the company’s stock, valued at approximately $30,677,426.34. This trade represents a 0.64 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 171,475 shares of company stock valued at $1,647,230 in the last 90 days.

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.