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

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.0417 per share on Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Friday, March 14th.

Eaton Vance New York Municipal Bond Fund has increased its dividend by an average of 0.5% per year over the last three years.

Eaton Vance New York Municipal Bond Fund Stock Down 0.2 %

Shares of ENX traded down $0.02 during midday trading on Tuesday, reaching $9.79. 15,404 shares of the stock were exchanged, compared to its average volume of 34,449. Eaton Vance New York Municipal Bond Fund has a 12-month low of $9.27 and a 12-month high of $10.14. The firm has a 50 day simple moving average of $9.71 and a 200-day simple moving average of $9.70.

Insider Activity at Eaton Vance New York Municipal Bond Fund

In related news, major shareholder Saba Capital Management, L.P. bought 20,376 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was purchased at an average price of $9.93 per share, with a total value of $202,333.68. Following the completion of the transaction, the insider now directly owns 3,189,331 shares of the company’s stock, valued at $31,670,056.83. This trade represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 174,524 shares of company stock valued at $1,679,965.

About Eaton Vance New York Municipal Bond Fund

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.