CEV Ex-Dividend Reminder - 10/8/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/8/13, Eaton Vance California Municipal Income Trust ( CEV) will trade ex-dividend, for its monthly dividend of $0.0655, payable on 10/17/13. As a percentage of CEV's recent stock price of $11.66, this dividend works out to approximately 0.56%, so look for shares of Eaton Vance California Municipal Income Trust to trade 0.56% lower — all else being equal — when CEV shares open for trading on 10/8/13.

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Below is a dividend history chart for CEV, showing historical dividends prior to the most recent $0.0655 declared by Eaton Vance California Municipal Income Trust:

CEV+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 CEV is likely to continue, and whether the current estimated yield of 6.74% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CEV shares, versus its 200 day moving average:

Eaton Vance California Municipal Income Trust 200 Day Moving Average Chart

Looking at the chart above, CEV's low point in its 52 week range is $10.92 per share, with $15.85 as the 52 week high point — that compares with a last trade of $11.66.

In Friday trading, Eaton Vance California Municipal Income Trust shares are currently down about 0.8% on the day.

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