Eaton Vance Municipal Income Trust (EVN) Dividend
Eaton Vance Municipal Income Trust (EVN) currently pays a dividend yield of 5.86%, distributing $0.61 per share annually ($0.05 per month). The company operates in the Financial Services sector.
EVN has raised its dividend for 2 consecutive years.
EVN dividend at a glance
| Dividend Yield | 5.86% |
|---|---|
| Annual Dividend | $0.61 per share |
| Per Payment | $0.05 |
| Payout Frequency | Monthly |
| Payments per Year | 12 |
| Next Ex-Dividend Date | August 14, 2026 |
| Next Payment Date | September 4, 2026 |
| Payout Ratio | 66% |
| Consecutive Years of Dividend Growth | 2 |
| Sector | Financial Services |
| Implied Share Price (from yield) | $10.44 |
What EVN pays on a $10,000 investment
At a 5.86% yield, $10,000 invested in EVN generates about $586.00 per year, or roughly $48.83 every month. Share counts below use an implied price of $10.44, derived from the $0.61 annual dividend and the 5.86% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Month |
|---|---|---|---|
| $1,000 | 95.8 | $58.60 | $4.88 |
| $5,000 | 478.8 | $293.00 | $24.42 |
| $10,000 | 957.5 | $586.00 | $48.83 |
| $25,000 | 2,393.8 | $1,465.00 | $122.08 |
| $100,000 | 9,575.2 | $5,860.00 | $488.33 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each month — see how the dividend snowball compounds.
EVN dividend payment schedule
EVN pays on a monthly schedule — 12 payments a year. The next confirmed ex-dividend date is August 14, 2026, with payment on September 4, 2026. Later rows are projected forward at the same interval and will shift when Eaton Vance Municipal Income Trust declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| August 14, 2026 | September 4, 2026 | $0.05 | Confirmed |
| September 14, 2026 | October 5, 2026 | $0.05 | Projected |
| October 14, 2026 | November 4, 2026 | $0.05 | Projected |
| November 14, 2026 | December 5, 2026 | $0.05 | Projected |
| December 14, 2026 | January 4, 2027 | $0.05 | Projected |
| January 14, 2027 | February 4, 2027 | $0.05 | Projected |
To collect a EVN dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How EVN's dividend compares
Across the 584 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.75%. EVN's 5.86% is 2.11 percentage points above that median, ranking 228th of 584 by yield.
Within Financial Services, where we track 102 names, the median yield is 9.22% — putting EVN below its sector.
Its 2-year run of dividend increases ranks 276th out of the 354 names in our data with an active growth streak.
What the numbers mean
EVN pays out roughly 66% of its earnings as dividends. That is on the higher side — still common for utilities and consumer staples, but it leaves less cushion if earnings dip.
EVN pays monthly, which suits investors who want dividend income to line up with monthly living expenses rather than arriving in quarterly lumps.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
EVN dividend FAQ
When is the next EVN ex-dividend date?
The next EVN ex-dividend date is August 14, 2026, with the payment scheduled for September 4, 2026. You must own shares before the ex-dividend date to receive that payment.
What is EVN's dividend yield?
EVN currently yields 5.86%, based on $0.61 in dividends per share over the past year.
How often does EVN pay dividends?
EVN pays monthly, which works out to 12 payments per year of about $0.05 per share.
How much dividend income would $10,000 of EVN generate?
At the current 5.86% yield, $10,000 invested in EVN would produce roughly $586.00 per year, or about $48.83 per month, before taxes and assuming the dividend holds.
Has EVN increased its dividend?
Yes — EVN has raised its dividend for 2 consecutive years.
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Track EVN dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.