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Eaton Vance California Municipal Income Trust

AMEX:CEV
Snowflake Description

Second-rate dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CEV
AMEX
$86M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. The last earnings update was 88 days ago. More info.


Add to Portfolio Compare Print
  • Eaton Vance California Municipal Income Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CEV Share Price and Events
7 Day Returns
0.7%
AMEX:CEV
-0.2%
US Capital Markets
-0.1%
US Market
1 Year Returns
5.4%
AMEX:CEV
-6.8%
US Capital Markets
7.6%
US Market
CEV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eaton Vance California Municipal Income Trust (CEV) 0.7% 0.3% 4% 5.4% -14.2% -3.2%
US Capital Markets -0.2% 7.5% 4.2% -6.8% 53.7% 71.5%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • CEV outperformed the Capital Markets industry which returned -6.8% over the past year.
  • CEV underperformed the Market in United States of America which returned 7.6% over the past year.

Value

 Is Eaton Vance California Municipal Income Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Eaton Vance California Municipal Income Trust. This is due to cash flow or dividend data being unavailable. The share price is $12.01.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eaton Vance California Municipal Income Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eaton Vance California Municipal Income Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:CEV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in USD $-0.20
AMEX:CEV Share Price ** AMEX (2019-04-23) in USD $12.01
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.49x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eaton Vance California Municipal Income Trust.

AMEX:CEV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:CEV Share Price ÷ EPS (both in USD)

= 12.01 ÷ -0.20

-59.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eaton Vance California Municipal Income Trust is loss making, we can't compare its value to the US Capital Markets industry average.
  • Eaton Vance California Municipal Income Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Eaton Vance California Municipal Income Trust's expected growth come at a high price?
Raw Data
AMEX:CEV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -59.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.66x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Eaton Vance California Municipal Income Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eaton Vance California Municipal Income Trust's assets?
Raw Data
AMEX:CEV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in USD $13.13
AMEX:CEV Share Price * AMEX (2019-04-23) in USD $12.01
United States of America Capital Markets Industry PB Ratio Median Figure of 169 Publicly-Listed Capital Markets Companies 7.74x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
AMEX:CEV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:CEV Share Price ÷ Book Value per Share (both in USD)

= 12.01 ÷ 13.13

0.91x

* Primary Listing of Eaton Vance California Municipal Income Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eaton Vance California Municipal Income Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Eaton Vance California Municipal Income Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Eaton Vance California Municipal Income Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Eaton Vance California Municipal Income Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eaton Vance California Municipal Income Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eaton Vance California Municipal Income Trust expected to grow at an attractive rate?
  • Unable to compare Eaton Vance California Municipal Income Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Eaton Vance California Municipal Income Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Eaton Vance California Municipal Income Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:CEV Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:CEV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:CEV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-30 6 3 -1
2018-08-31 6 5 -1
2018-05-31 6 7 0
2018-02-28 6 7 2
2017-11-30 6 7 5
2017-08-31 7 8 2
2017-05-31 7 9 0
2017-02-28 7 7 1
2016-11-30 7 5 1
2016-08-31 7 6
2016-05-31 7 10
2016-02-29 7 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eaton Vance California Municipal Income Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Eaton Vance California Municipal Income Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:CEV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Eaton Vance California Municipal Income Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CEV Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-30 -0.20
2018-08-31 -0.12
2018-05-31 -0.03
2018-02-28 0.33
2017-11-30 0.67
2017-08-31 0.33
2017-05-31 -0.01
2017-02-28 0.09
2016-11-30 0.18
2016-08-31 0.79
2016-05-31 1.40
2016-02-29 1.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Eaton Vance California Municipal Income Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Eaton Vance California Municipal Income Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eaton Vance California Municipal Income Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Eaton Vance California Municipal Income Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eaton Vance California Municipal Income Trust's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Eaton Vance California Municipal Income Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Eaton Vance California Municipal Income Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Eaton Vance California Municipal Income Trust's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Eaton Vance California Municipal Income Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eaton Vance California Municipal Income Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CEV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 5.99 -1.43 1.23
2018-08-31 6.09 -0.84 1.32
2018-05-31 6.19 -0.25 1.42
2018-02-28 6.30 2.32 1.45
2017-11-30 6.40 4.89 1.48
2017-08-31 6.52 2.42 1.52
2017-05-31 6.64 -0.05 1.57
2017-02-28 6.69 0.62 1.62
2016-11-30 6.74 1.30 1.66
2016-08-31 6.81 5.74 1.64
2016-05-31 6.87 10.18 1.61
2016-02-29 6.93 7.55 1.59
2015-11-30 7.00 4.91 1.57
2015-08-31 7.05 5.90 1.57
2015-05-31 7.10 6.90 1.58
2015-02-28 7.12 11.64 1.57
2014-11-30 7.14 16.37 1.56
2014-08-31 7.14 10.14 1.55
2014-05-31 7.14 3.91 1.54
2014-02-28 7.17 -2.70 1.58
2013-11-30 7.20 -9.30 1.61
2013-08-31 7.27 -1.36 1.64
2013-05-31 7.34 6.58 1.67
2013-02-28 7.42 14.49 1.66
2012-11-30 7.50 22.41 1.65
2012-08-31 7.70 21.23 1.64
2012-05-31 7.89 20.06 1.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Eaton Vance California Municipal Income Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Eaton Vance California Municipal Income Trust used its assets less efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if Eaton Vance California Municipal Income Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Eaton Vance California Municipal Income Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eaton Vance California Municipal Income Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Eaton Vance California Municipal Income Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eaton Vance California Municipal Income Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eaton Vance California Municipal Income Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eaton Vance California Municipal Income Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eaton Vance California Municipal Income Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eaton Vance California Municipal Income Trust Company Filings, last reported 4 months ago.

AMEX:CEV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 93.70 59.21 0.18
2018-08-31 93.70 59.21 0.18
2018-05-31 97.05 55.50 0.68
2018-02-28 97.05 55.50 0.68
2017-11-30 102.93 54.13 0.46
2017-08-31 102.93 54.13 0.46
2017-05-31 105.07 54.17
2017-02-28 105.07 54.17
2016-11-30 101.63 58.81 1.34
2016-08-31 101.63 58.81 1.34
2016-05-31 108.98 59.04
2016-02-29 108.98 59.04
2015-11-30 151.71 12.64
2015-08-31 151.71 12.64
2015-05-31 150.84 15.43 2.82
2015-02-28 150.84 15.43 2.82
2014-11-30 152.10 14.31 0.25
2014-08-31 152.10 14.31 0.25
2014-05-31 149.36 14.68 0.79
2014-02-28 149.36 14.68 0.79
2013-11-30 141.31 14.68 3.90
2013-08-31 141.31 14.68 3.90
2013-05-31 151.13 14.68 0.47
2013-02-28 151.13 14.68 0.47
2012-11-30 156.34 15.79
2012-08-31 156.34 15.79
2012-05-31 150.31 14.87
  • Eaton Vance California Municipal Income Trust's level of debt (63.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.4% vs 63.2% today).
  • Debt is not well covered by operating cash flow (4.5%, less than 20% of total debt).
  • Eaton Vance California Municipal Income Trust is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Eaton Vance California Municipal Income Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Eaton Vance California Municipal Income Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Eaton Vance California Municipal Income Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.04%
Current annual income from Eaton Vance California Municipal Income Trust dividends.
If you bought $2,000 of Eaton Vance California Municipal Income Trust shares you are expected to receive $81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Eaton Vance California Municipal Income Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Eaton Vance California Municipal Income Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:CEV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:CEV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.485 4.046
2019-02-01 0.483 4.130
2018-12-03 0.470 4.175
2018-11-01 0.465 4.240
2018-10-01 0.455 4.165
2018-09-04 0.455 4.022
2018-08-01 0.453 3.955
2018-06-01 0.445 3.884
2018-05-01 0.445 3.890
2018-04-02 0.445 3.910
2018-03-01 0.445 3.893
2018-02-01 0.445 3.849
2017-12-01 0.445 3.675
2017-11-01 0.445 3.654
2017-10-02 0.445 3.596
2017-09-01 0.475 3.779
2017-08-01 0.475 3.744
2017-07-03 0.475 3.784
2017-06-01 0.496 3.927
2017-04-03 0.526 4.209
2017-02-01 0.526 4.251
2017-01-03 0.526 4.227
2016-12-01 0.526 4.296
2016-10-03 0.526 4.052
2016-09-01 0.526 3.751
2016-08-01 0.556 3.935
2016-07-01 0.556 3.948
2016-06-01 0.556 3.950
2016-05-02 0.606 4.304
2016-04-01 0.606 4.274
2016-03-01 0.706 4.956
2016-01-04 0.706 5.190
2015-12-01 0.706 5.403
2015-11-02 0.706 5.386
2015-10-01 0.706 5.412
2015-09-01 0.736 5.687
2015-08-03 0.736 5.840
2015-06-01 0.736 5.834
2015-05-01 0.736 5.545
2015-04-02 0.736 5.455
2015-03-02 0.736 5.464
2015-02-02 0.736 5.570
2015-01-02 0.736 5.509
2014-11-03 0.736 5.727
2014-10-01 0.736 5.883
2014-09-02 0.736 5.951
2014-08-01 0.736 5.957
2014-06-30 0.736 5.980
2014-05-30 0.736 5.943
2014-04-30 0.736 5.870
2014-03-31 0.786 6.460
2014-02-28 0.786 6.545
2014-01-31 0.786 6.474
2013-12-31 0.786 6.706
2013-11-29 0.786 7.091
2013-10-31 0.786 6.957
2013-09-30 0.786 6.780
2013-08-30 0.786 6.870
2013-07-31 0.786 6.827
2013-06-28 0.786 6.628
2013-05-31 0.786 6.294
2013-04-30 0.786 5.661
2013-03-28 0.786 5.587
2013-02-28 0.816 5.635
2013-01-31 0.816 5.455
2012-12-31 0.816 5.559
2012-09-28 0.816 5.637
2012-07-31 0.816 5.763
2012-06-29 0.816 5.806
2012-05-31 0.816 5.899
2012-04-30 0.816 5.854
2012-03-30 0.816 5.968
2012-02-29 0.886 6.536
2012-01-31 0.886 6.431
2011-12-30 0.886 6.696
2011-11-30 0.886 6.795
2011-10-31 0.886 6.943
2011-09-30 0.886 7.093
2011-08-31 0.886 7.151
2011-07-29 0.886 7.290
2011-06-30 0.886 7.301
2011-05-31 0.886 7.450
2011-03-31 0.886 7.823
2011-02-28 0.886 7.936
2011-01-31 0.886 7.943
2010-12-31 0.886 7.959
2010-11-30 0.886 7.723
2010-10-29 0.886 7.167
2010-09-30 0.886 6.704
2010-08-31 0.886 6.644
2010-07-30 0.886 6.673
2010-06-30 0.886 6.702
2010-05-28 0.886 6.884
2010-04-30 0.886 6.951
2010-03-31 0.886 7.109
2010-02-26 0.886 7.176
2009-12-31 0.866 7.000
2009-11-30 0.866 7.222
2009-10-30 0.866 6.967
2009-09-30 0.866 6.774
2009-08-31 0.866 6.814
2009-07-31 0.866 7.291
2009-06-30 0.776 7.485
2009-05-29 0.776 7.480
2009-04-30 0.776 7.067
2009-04-24 0.776 7.285

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Eaton Vance California Municipal Income Trust's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Eaton Vance California Municipal Income Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eaton Vance California Municipal Income Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eaton Vance California Municipal Income Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Eaton Vance California Municipal Income Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Eaton Vance California Municipal Income Trust has no CEO, or we have no data on them.
Management Team

Payson Swaffield

TITLE
VP, Chief Income Investment Officer & Portfolio Manager

Westy Saltonstall

TITLE
Member of Management Board

Paul O'Neil

TITLE
Chief Compliance Officer
AGE
65

Maureen Gemma

TITLE
Chief Legal Officer
AGE
58

James Kirchner

TITLE
Treasurer
AGE
51

Craig Brandon

TITLE
Portfolio Manager
AGE
52
Board of Directors Tenure

Average tenure and age of the Eaton Vance California Municipal Income Trust board of directors in years:

6.4
Average Tenure
64
Average Age
  • The tenure for the Eaton Vance California Municipal Income Trust board of directors is about average.
Board of Directors

William Park

TITLE
Noninterested Trustee
COMPENSATION
$1K
AGE
71
TENURE
16.3 yrs

Tee Taggart

TITLE
Noninterested Trustee
COMPENSATION
$884
AGE
70
TENURE
7.6 yrs

Scott Eston

TITLE
Noninterested Trustee
COMPENSATION
$742
AGE
62
TENURE
7.6 yrs

Thomas Faust

TITLE
Interested Trustee
AGE
60
TENURE
12.3 yrs

Helen Peters

TITLE
Noninterested Trustee
COMPENSATION
$884
AGE
70
TENURE
11.3 yrs

Valerie Mosley

TITLE
Noninterested Trustee
COMPENSATION
$807
AGE
58
TENURE
5.3 yrs

Cynthia Frost

TITLE
Noninterested Trustee
COMPENSATION
$807
AGE
57
TENURE
4.9 yrs

George Gorman

TITLE
Noninterested Trustee
COMPENSATION
$884
AGE
66
TENURE
4.9 yrs

Scott Wennerholm

TITLE
TENURE
3.3 yrs

Mark Fetting

TITLE
Noninterested Trustees
COMPENSATION
$872
AGE
64
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Eaton Vance California Municipal Income Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Eaton Vance California Municipal Income Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors. Eaton Vance California Municipal Income Trust was formed in 1999 and is domiciled in United States.

Details
Name: Eaton Vance California Municipal Income Trust
CEV
Exchange: AMEX
Founded: 1999
$85,674,235
7,133,575
Website: http://funds.eatonvance.com/California-Municipal-Income-Trust-CEV.php
Address: Eaton Vance California Municipal Income Trust
Two International Place,
Suite 1400,
Boston,
Massachusetts, 02110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX CEV Common Shares NYSE MKT LLC US USD 27. Jan 1999
Number of employees
Current staff
Staff numbers
0
Eaton Vance California Municipal Income Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:51
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/01/25
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/11/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.