Eaton Vance Municipal Income Trust (EVN) Dividend

Eaton Vance Municipal Income Trust · Financial Services · Asset Management · monthly payer

$10.20

As of Nov 8, 2026, Eaton Vance Municipal Income Trust (EVN) pays a monthly dividend of $0.0510 per share, or $0.62 a year, a 6.04% yield at its $10.20 share price. The next ex-dividend date is Nov 13, 2026, paid Nov 27, 2026. It has raised its dividend 2 years in a row and has a dividend safety grade of C.

Forward Yield

6.04%

Annual Dividend

$0.62

Payout Ratio

66%

5-Yr Growth

1.7%

Ex-Date

Nov 13, 2026

Frequency

Monthly

Key facts about EVN's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Eaton Vance Municipal Income Trust (EVN) has a forward dividend yield of 6.04%, based on an annual dividend of $0.62 per share and a share price of $10.20.
As of Nov 8, 2026, EVN's dividend safety grade from SmarterDividends is C (62 out of 100), which rates the dividend as borderline.
By SmarterDividends' count, Eaton Vance Municipal Income Trust (EVN) has raised its dividend for 2 consecutive years as of Nov 8, 2026.
EVN last cut its regular dividend in 2023.
EVN's next ex-dividend date is Nov 13, 2026, with payment on Nov 27, 2026. Shares must be owned before that date to receive the dividend.
As of Nov 8, 2026, EVN pays out 66% of its trailing 12-month earnings as dividends (its payout ratio).
EVN's dividend has grown at an average rate of 1.7% a year over the past five years.
As of Nov 8, 2026, EVN's 6.04% yield is 19% above its five-year average yield of 5.08%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for EVN is $10.09 per share, 1% below the $10.20 share price, so EVN screens as fairly valued.
Eaton Vance Municipal Income Trust (EVN) pays its dividend monthly, 12 times a year.
Eaton Vance Municipal Income Trust (EVN) has raised its regular dividend 18 times and cut it 18 times across the 329 payments on record since 1999. Its most recent change was a 10.9% increase to $0.0510 per share, going ex-dividend on Jul 11, 2024. The last cut went ex-dividend on Jul 12, 2023.

Cite this page

SmarterDividends, "EVN Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/EVN

Is EVN a good dividend stock?

Yes, with caveats

Eaton Vance Municipal Income Trust (EVN) pays a monthly dividend yielding 6.04% ($0.62/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

Risks

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

Key Data

Dividend Yield: 6.04%
Payout Ratio: 66%
Annual Dividend: $0.62
5-Yr Avg Growth: 1.7%
Ex-Dividend Date: Nov 13, 2026
Years of Growth: 2
Frequency: monthly
Beta: 0.67
Market Cap: $407.2M
P/E Ratio: 11.0
5-Yr Total Return: -26%
52-Week Range: $9.00 – $11.26
Dividend Safety: C · 62/100
Ever Cut?: Yes (2023)

EVN dividend raises and cuts

Eaton Vance Municipal Income Trust (EVN) has raised its regular dividend 18 times and cut it 18 times across the 329 payments on record since 1999. Its most recent change was a 10.9% increase to $0.0510 per share, going ex-dividend on Jul 11, 2024. The last cut went ex-dividend on Jul 12, 2023.

Ex-date	Change	Old → new	Move
Jul 11, 2024	Raise	$0.0460 → $0.0510	+10.9%
Jan 11, 2024	Raise	$0.0380 → $0.0460	+21.1%
Jul 12, 2023	Cut	$0.0410 → $0.0380	−7.3%
Oct 12, 2022	Cut	$0.0480 → $0.0410	−14.6%
Jun 10, 2020	Raise	$0.0430 → $0.0480	+11.6%
Apr 9, 2020	Cut	$0.0470 → $0.0430	−8.5%
Sep 13, 2018	Cut	$0.0540 → $0.0470	−13.0%
May 9, 2017	Cut	$0.0580 → $0.0540	−6.9%
Dec 8, 2016	Cut	$0.0600 → $0.0580	−3.3%
Aug 9, 2016	Cut	$0.0630 → $0.0600	−4.8%
Apr 7, 2016	Cut	$0.0710 → $0.0630	−11.3%
Oct 8, 2015	Cut	$0.0750 → $0.0710	−5.3%

Show all 36 changes since 2000

Ex-date	Change	Old → new	Move
Sep 6, 2013	Cut	$0.0780 → $0.0750	−3.8%
Apr 9, 2012	Cut	$0.0830 → $0.0780	−6.0%
Dec 8, 2010	Raise	$0.0790 → $0.0830	+5.1%
Feb 8, 2010	Raise	$0.0760 → $0.0790	+3.9%
Aug 6, 2009	Raise	$0.0700 → $0.0760	+8.6%
Aug 7, 2008	Raise	$0.0660 → $0.0700	+6.1%
Sep 7, 2006	Cut	$0.0750 → $0.0660	−12.0%
Jan 6, 2006	Cut	$0.0840 → $0.0750	−10.7%
Jul 7, 2005	Cut	$0.0940 → $0.0840	−10.6%
May 5, 2005	Cut	$0.0990 → $0.0940	−5.1%
Oct 7, 2003	Raise	$0.0960 → $0.0990	+3.1%
Aug 7, 2003	Raise	$0.0930 → $0.0960	+3.2%
Sep 5, 2002	Raise	$0.0910 → $0.0930	+2.2%
Aug 7, 2002	Raise	$0.0860 → $0.0910	+5.8%
May 7, 2002	Raise	$0.0830 → $0.0860	+3.6%
Apr 5, 2002	Cut	$0.0840 → $0.0830	−1.2%
Feb 7, 2002	Raise	$0.0770 → $0.0840	+9.1%
Dec 6, 2001	Raise	$0.0710 → $0.0770	+8.5%
Oct 3, 2001	Raise	$0.0680 → $0.0710	+4.4%
Aug 8, 2001	Raise	$0.0630 → $0.0680	+7.9%
Jun 7, 2001	Raise	$0.0620 → $0.0630	+1.6%
Feb 7, 2001	Cut	$0.0630 → $0.0620	−1.6%
Jan 5, 2001	Raise	$0.0620 → $0.0630	+1.6%
Jun 7, 2000	Cut	$0.0690 → $0.0620	−10.1%

Every EVN payment →Download every raise and cut (CSV)

EVN ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →EVN dividend historyEvery payment, totals by year, raises and cutsView →EVN dividend calculator100 shares pay $62.00 a year, $5.17 each monthCalculate →EVN total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is EVN a good dividend stock?

Yes, with caveats. Eaton Vance Municipal Income Trust (EVN) pays a monthly dividend yielding 6.04% ($0.62/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is EVN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, EVN's fair value is about $10.09 versus a $10.20 share price — so it looks fairly valued (-1% vs. fair value).

Is EVN's dividend safe?

EVN has a dividend-safety grade of C (62/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is EVN's fair value?

Our blended fair-value estimate for EVN is about $10.09 per share, about 1% below the current $10.20 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is EVN a buy, hold, or sell?

We don't issue formal ratings, but on the data EVN screens as "yes, with caveats" and fairly valued. Eaton Vance Municipal Income Trust (EVN) pays a monthly dividend yielding 6.04% ($0.62/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will EVN cut its dividend?

EVN earns a dividend-safety grade of C (62/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does EVN pay a dividend?

Yes. Eaton Vance Municipal Income Trust pays a monthly dividend of about $0.62 per share annually, a forward yield of roughly 6.04%.

How much dividend does 100 shares of EVN pay?

At $0.62 per share a year, 100 shares of EVN pay $62.00 a year in dividends before tax, about $5.17 each month. Buying them costs about $1,020 at the Nov 8, 2026 price.

What is EVN's dividend yield?

As of Nov 8, 2026, EVN's forward dividend yield is 6.04%, based on a $0.62 annual dividend and a $10.20 share price.

What is EVN's dividend per share?

As of Nov 8, 2026, EVN pays $0.62 per share per year, distributed on a monthly basis.

What is EVN's dividend payout ratio?

As of Nov 8, 2026, EVN's payout ratio is 66% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has EVN grown its dividend?

As of Nov 8, 2026, EVN has increased its dividend for 2 consecutive years.

When is the next EVN ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for EVN is Nov 13, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full EVN dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 14, 2026	Oct 26, 2026	$0.0510	regular
Sep 14, 2026	Sep 24, 2026	$0.0510	regular
Aug 13, 2026	Aug 25, 2026	$0.0510	regular
Jul 14, 2026	Jul 24, 2026	$0.0510	regular
Jun 12, 2026	Jun 24, 2026	$0.0510	regular
May 14, 2026	May 26, 2026	$0.0510	regular
Apr 14, 2026	Apr 24, 2026	$0.0510	regular
Mar 13, 2026	Mar 25, 2026	$0.0510	regular
Feb 13, 2026	Feb 24, 2026	$0.0510	regular
Jan 14, 2026	Jan 26, 2026	$0.0510	regular
Dec 12, 2025	Dec 24, 2025	$0.0510	regular
Nov 13, 2025	Nov 26, 2025	$0.0510	regular
Oct 14, 2025	Oct 23, 2025	$0.0510	regular
Sep 12, 2025	Sep 24, 2025	$0.0510	regular