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Eaton Vance Municipal Bond Fund Keeps November Payout at $0.0508

The distribution rate was 6.66% against EIM's $9.15 Oct. 30 close; the fund will determine the payment's tax classification after year-end.

Updated 1 min read
Pedestrians pass the NYSE American entrance on Wall Street in Lower Manhattan on an overcast morning. (AI-generated image / EconoTimes)
Pedestrians pass the NYSE American entrance on Wall Street in Lower Manhattan on an overcast morning. (AI-generated image / EconoTimes)

Eaton Vance maintained EIM's November distribution at $0.0508 per share, equal to October's amount and keeping monthly cash payments steady for shareholders in the fund.

Payment is due Nov. 30. Nov. 16 is EIM's record date, and shares go ex-dividend on the same date.

The distribution rate at market price stood at 6.66%, using EIM's Oct. 30 closing price of $9.15. EIM trades on NYSE American and seeks current income free of federal tax.

The fund will assign the payment's tax category after year-end. Possible categories include a return of invested capital, federally tax-exempt income, ordinary income or gains.

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