Cash Dividend On The Way From Eaton Vance California Municipal Bond Fund II (EIA)

Looking at the universe of stocks we cover at Dividend Channel, on 6/19/13, Eaton Vance California Municipal Bond Fund II ( EIA) will trade ex-dividend, for its monthly dividend of $0.0609, payable on 6/28/13. As a percentage of EIA's recent stock price of $11.68, this dividend works out to approximately 0.52%, so look for shares of Eaton Vance California Municipal Bond Fund II to trade 0.52% lower — all else being equal — when EIA shares open for trading on 6/19/13.

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Below is a dividend history chart for EIA, showing historical dividends prior to the most recent $0.0609 declared by Eaton Vance California Municipal Bond Fund II:

EIA+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from EIA is likely to continue, and whether the current estimated yield of 6.26% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of EIA shares, versus its 200 day moving average:

Eaton Vance California Municipal Bond Fund II 200 Day Moving Average Chart

Looking at the chart above, EIA's low point in its 52 week range is $11.46 per share, with $16.07 as the 52 week high point — that compares with a last trade of $11.65.

In Monday trading, Eaton Vance California Municipal Bond Fund II shares are currently off about 0.5% on the day.

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