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In a challenging economic climate, Eaton (NYSE:ETN) Vance California Municipal Income Trust (NYSE: CEV) stock has reached a 52-week low, dipping to $9.9. The trust, known for its remarkable 27-year streak of consistent dividend payments and current attractive yield of 6%, demonstrates strong financial stability with a beta of 0.45, indicating lower volatility than the broader market. This latest price level reflects a notable downturn for the investment trust, though the year-to-date return stands at 1.2%. Investors are closely monitoring CEV as it navigates through the volatile municipal bond market, with its performance being a potential indicator of broader sector trends. The 52-week low serves as a critical juncture for the trust, as market participants consider the implications for municipal bond investments and the income stability they traditionally offer. InvestingPro analysis reveals additional insights about CEV's financial health, with multiple ProTips available to subscribers, including detailed metrics on the trust's liquidity position and cash flow performance.
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