Cash Dividend On The Way From Eaton Vance New York Municipal Income Trust (EVY)

Looking at the universe of stocks we cover at Dividend Channel, on 10/8/13, Eaton Vance New York Municipal Income Trust ( EVY) will trade ex-dividend, for its monthly dividend of $0.0725, payable on 10/17/13. As a percentage of EVY's recent stock price of $12.32, this dividend works out to approximately 0.59%, so look for shares of Eaton Vance New York Municipal Income Trust to trade 0.59% lower — all else being equal — when EVY shares open for trading on 10/8/13.

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Below is a dividend history chart for EVY, showing historical dividends prior to the most recent $0.0725 declared by Eaton Vance New York Municipal Income Trust:

EVY+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 EVY is likely to continue, and whether the current estimated yield of 7.06% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of EVY shares, versus its 200 day moving average:

Eaton Vance New York Municipal Income Trust 200 Day Moving Average Chart

Looking at the chart above, EVY's low point in its 52 week range is $11.52 per share, with $16.30 as the 52 week high point — that compares with a last trade of $12.32.

In Friday trading, Eaton Vance New York Municipal Income Trust shares are currently down about 0.6% on the day.

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