In the latest market session, Eaton (NYSE:ETN) Vance California Municipal Income Trust (CEV) stock touched a 52-week low, dipping to $10.01. Despite this movement, the trust maintains its impressive 26-year streak of consistent dividend payments, currently offering a 5.92% yield. While the stock hit a new low, InvestingPro data shows a positive YTD return of 3.23%. Investors are closely monitoring the municipal bond market, as the trust’s performance is often seen as an indicator of the broader sector’s health. The trust demonstrates notably low price volatility with a beta of 0.38, and maintains a GOOD overall financial health score. The 52-week low represents a significant price level for the trust, as market participants consider the implications of this threshold in the context of the trust’s historical performance and future prospects. InvestingPro subscribers can access additional insights and metrics to better evaluate CEV’s market position.
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