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

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.0417 per share on Friday, February 28th. This represents a $0.50 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Friday, February 14th.

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

Eaton Vance New York Municipal Bond Fund Stock Performance

Shares of ENX stock opened at $9.71 on Wednesday. Eaton Vance New York Municipal Bond Fund has a 52 week low of $9.27 and a 52 week high of $10.14. The stock’s fifty day moving average is $9.63 and its 200-day moving average is $9.69.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. acquired 9,499 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $9.72 per share, for a total transaction of $92,330.28. Following the transaction, the insider now directly owns 3,131,797 shares of the company’s stock, valued at approximately $30,441,066.84. This trade represents a 0.30 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased a total of 178,792 shares of company stock worth $1,721,702 in 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.