Nvidia, AMD to pay 15% of China chip sales revenue to US govt- FT
Cynthia Frost, a trustee of Eaton (NYSE:ETN) Vance Municipal Income Trust (NYSE:EVN), a $423.65 million market cap fund that has maintained dividend payments for 27 consecutive years, executed a notable sale of common shares, according to a recent SEC filing. On March 5, Frost sold a total of 15,000 shares, generating proceeds of approximately $159,767. The sale price per share ranged between $10.65 and $10.66. Following these transactions, Frost no longer holds any shares in the trust. The fund, which currently offers a 5.77% dividend yield and trades at a P/E ratio of 11.52, has shown resilience with a 6.6% year-to-date return. InvestingPro analysis reveals additional insights about EVN’s performance, including its low price volatility characteristics and detailed dividend history.
In other recent news, Eaton Vance Municipal Income (EVN) reported a slight decline in revenue for the first quarter of 2025, with a 1.3% year-on-year decrease. The company’s EBITDA fell by 6% to €253.1 million, while the net result dropped by 19.7% from the previous year. Despite these financial challenges, EVN increased its investments by 30% to €170 million, focusing on renewable energy and e-mobility infrastructure. Analysts have shown concern over EVN’s increased debt levels, with the gearing ratio now at 19.3%. The company has set ambitious targets for its renewable energy portfolio, aiming to expand wind power capacity to 770 megawatts and photovoltaic capacity to 300 megawatts by 2030. EVN plans to invest up to €900 million annually until 2030 in network infrastructure and renewable generation. The anticipated Waste-to-Energy (WTE) transaction is expected to be signed soon, indicating potential strategic moves. The company maintains a positive full-year forecast for its supply business, according to CFO Alexandra Bittmann.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.