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 7/22/13, Eaton Vance California Municipal Bond Fund II (EIA) will trade ex-dividend, for its monthly dividend of $0.0609, payable on 7/31/13. As a percentage of EIA's recent stock price of $11.07, this dividend works out to approximately 0.55%, so look for shares of Eaton Vance California Municipal Bond Fund II to trade 0.55% lower — all else being equal — when EIA shares open for trading on 7/22/13.

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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 6.60% 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 $10.57 per share, with $16.07 as the 52 week high point — that compares with a last trade of $11.07.

In Thursday trading, Eaton Vance California Municipal Bond Fund II shares are currently up about 0.2% on the day.

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