In a challenging market environment, Eaton (NYSE:ETN) Vance California Municipal Income Trust (CEV) stock has touched a 52-week low, dipping to $10.14. With a beta of 0.38, the fund actually demonstrates relatively low volatility compared to the broader market. According to InvestingPro data, CEV offers a notable 5.88% dividend yield and has maintained dividend payments for 26 consecutive years, providing some stability in uncertain times. The fund has shown resilience with a positive 4.86% total return over the past year, despite recent market challenges. Investors are closely monitoring the fund as it navigates through the complex landscape of municipal bond investments, balancing the pursuit of tax-exempt income with the risks associated with the current financial climate. InvestingPro analysis reveals several additional insights about CEV’s financial health and market position, with multiple ProTips available to subscribers.
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