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

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 given a dividend of 0.0417 per share on Friday, November 29th. This represents a $0.50 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Thursday, November 21st.

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

Eaton Vance New York Municipal Bond Fund Trading Down 0.1 %

NYSE ENX opened at $9.75 on Wednesday. The stock has a 50-day simple moving average of $9.63 and a two-hundred day simple moving average of $9.81. Eaton Vance New York Municipal Bond Fund has a fifty-two week low of $8.78 and a fifty-two week high of $10.14.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 9,499 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $9.72 per share, for a total transaction of $92,330.28. Following the purchase, the insider now directly owns 3,131,797 shares in the company, valued at approximately $30,441,066.84. This trade represents a 0.30 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 58,278 shares of company stock valued at $561,300 over the last ninety days.

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.