Cash Dividend On The Way From Eaton Vance Michigan Municipal Bond Fund (MIW)

Looking at the universe of stocks we cover at Dividend Channel, on 2/19/14, Eaton Vance Michigan Municipal Bond Fund ( MIW) will trade ex-dividend, for its monthly dividend of $0.0607, payable on 2/28/14. As a percentage of MIW's recent stock price of $12.17, this dividend works out to approximately 0.50%.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for MIW, showing historical dividends prior to the most recent $0.0607 declared by Eaton Vance Michigan Municipal Bond Fund:

MIW+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 MIW is likely to continue, and whether the current estimated yield of 5.99% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MIW shares, versus its 200 day moving average:

Eaton Vance Michigan Municipal Bond Fund 200 Day Moving Average Chart

Looking at the chart above, MIW's low point in its 52 week range is $11.08 per share, with $14.99 as the 52 week high point — that compares with a last trade of $12.17.

In Tuesday trading, Eaton Vance Michigan Municipal Bond Fund shares are currently trading flat on the day.