Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Announces $0.04 Monthly Dividend

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) declared a monthly dividend on Friday, November 1st,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.0417 per share on Friday, November 29th. This represents a $0.50 annualized dividend and a yield of 5.13%. The ex-dividend date is Thursday, November 21st.

Eaton Vance New York Municipal Bond Fund has decreased its dividend by an average of 10.6% annually over the last three years.

Eaton Vance New York Municipal Bond Fund Stock Down 0.1 %

Shares of NYSE:ENX opened at $9.75 on Wednesday. The business’s 50-day moving average is $9.63 and its 200 day moving average is $9.81. Eaton Vance New York Municipal Bond Fund has a 1 year low of $8.78 and a 1 year high of $10.14.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 21,191 shares of the stock in a transaction dated Thursday, November 7th. The stock was acquired at an average cost of $9.56 per share, for a total transaction of $202,585.96. Following the completion of the purchase, the insider now owns 3,090,895 shares of the company’s stock, valued at approximately $29,548,956.20. This represents a 0.69 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 58,278 shares of company stock worth $561,300 over the last 90 days.

Eaton Vance New York Municipal Bond Fund Company Profile

Eaton Vance New York Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education.