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

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.0417 per share on Wednesday, April 30th. This represents a $0.50 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Tuesday, April 15th.

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

Eaton Vance New York Municipal Bond Fund Price Performance

ENX stock remained flat at $9.60 during midday trading on Wednesday. The company’s stock had a trading volume of 10,678 shares, compared to its average volume of 30,162. Eaton Vance New York Municipal Bond Fund has a one year low of $9.27 and a one year high of $10.14. The company’s fifty day simple moving average is $9.71 and its 200-day simple moving average is $9.66.

Insider Buying and Selling at Eaton Vance New York Municipal Bond Fund

In other news, major shareholder Saba Capital Management, L.P. bought 7,708 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of $9.43 per share, for a total transaction of $72,686.44. Following the completion of the purchase, the insider now owns 3,352,108 shares of the company’s stock, valued at approximately $31,610,378.44. This represents a 0.23 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased a total of 137,173 shares of company stock worth $1,323,933 over the last three months.

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.