SmarterDividends
CEV

Eaton Vance California Municipal Income Trust

CEV

Financial Services · Stock · monthly payer

Forward Yield

5.84%

Annual Dividend

$0.60

Payout Ratio

73%

5-Yr Growth

1.2%

Ex-Date

Jun 12, 2026

Frequency

Monthly

CEV Dividend Safety Score

52/ 100
Grade C

Borderline

Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage73% of earnings paid out
Free-cash-flow coverage107% of free cash flow
Balance-sheet strengthDebt/equity of 0.48
Yield vs its historyYield in line with its history

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

Is CEV a good dividend stock?

Mixed

Eaton Vance California Municipal Income Trust (CEV) pays a monthly dividend yielding 5.84% ($0.60/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2023
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    5.84%
    Payout Ratio
    73%
    Annual Dividend
    $0.60
    5-Yr Avg Growth
    1.2%
    Ex-Dividend Date
    Jun 12, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.58
    Market Cap
    $72.2M
    P/E Ratio
    5-Yr Total Return
    -27%
    52-Week Range
    $9.35 – $10.78
    Dividend Safety
    C · 52/100
    Ever Cut?
    Yes (2023)
    CEV ex-dividend date & scheduleNext ex-date Jun 12, 2026 · full ex-dividend historyView →

    Frequently Asked Questions

    Income Calculator

    At $0.60 / yr per share

    Per payment (monthly)$5.00
    Annual$60.00
    Monthly avg$5.00