Eaton Vance New York Municipal Bond Fund (ENX) to Issue Monthly Dividend of $0.04 on February 28th

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Friday, February 14th.

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

Eaton Vance New York Municipal Bond Fund Price Performance

Shares of Eaton Vance New York Municipal Bond Fund 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 company’s fifty day moving average price is $9.63 and its two-hundred day moving average price is $9.69.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 9,499 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $9.72 per share, with a total value of $92,330.28. Following the acquisition, the insider now owns 3,131,797 shares in the company, valued at approximately $30,441,066.84. This represents a 0.30 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have acquired 178,792 shares of company stock worth $1,721,702.

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.