Looking at the universe of stocks we cover at Dividend Channel, on 7/8/13, Eaton Vance Municipal Income Trust (EVN) will trade ex-dividend, for its monthly dividend of $0.0783, payable on 7/17/13. As a percentage of EVN's recent stock price of $11.88, this dividend works out to approximately 0.66%, so look for shares of Eaton Vance Municipal Income Trust to trade 0.66% lower — all else being equal — when EVN shares open for trading on 7/8/13.
Below is a dividend history chart for EVN, showing historical dividends prior to the most recent $0.0783 declared by Eaton Vance Municipal Income Trust:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from EVN is likely to continue, and whether the current estimated yield of 7.91% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of EVN shares, versus its 200 day moving average:Looking at the chart above, EVN's low point in its 52 week range is $11.26 per share, with $14.52 as the 52 week high point — that compares with a last trade of $11.91.
In Friday trading, Eaton Vance Municipal Income Trust shares are currently down about 2.1% on the day.