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Eaton Vance California Municipal Bond Fund II

AMEX:EIA
Snowflake Description

Second-rate dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EIA
AMEX
$40M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Eaton Vance California Municipal Bond Fund II is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The last earnings update was 206 days ago. More info.


Add to Portfolio Compare Print
  • Eaton Vance California Municipal Bond Fund II is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
EIA Share Price and Events
7 Day Returns
-2.6%
AMEX:EIA
-1.8%
US Capital Markets
-1.5%
US Market
1 Year Returns
-12.2%
AMEX:EIA
-13.2%
US Capital Markets
-4.2%
US Market
EIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eaton Vance California Municipal Bond Fund II (EIA) -2.6% 0.2% -2.3% -12.2% -20.5% -5%
US Capital Markets -1.8% -8.1% -13.6% -13.2% 34.1% 47.4%
US Market -1.5% -5.2% -11.2% -4.2% 27.3% 35.3%
1 Year Return vs Industry and Market
  • EIA outperformed the Capital Markets industry which returned -13.2% over the past year.
  • EIA underperformed the Market in United States of America which returned -4.2% over the past year.
Price Volatility
EIA
Industry
5yr Volatility vs Market

EIA Value

 Is Eaton Vance California Municipal Bond Fund II 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
Here we compare the current share price of Eaton Vance California Municipal Bond Fund II to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eaton Vance California Municipal Bond Fund II.

AMEX:EIA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $13.10 * 4.1%
$0.54
Book Value of Equity per Share Median Book Value from the past 5 years. $13.10
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:EIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.771 (1 + (1- 21%) (85.37%))
1.292
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.292 * 7.05%)
12.06%

Discounted Cash Flow Calculation for AMEX:EIA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Eaton Vance California Municipal Bond Fund II is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:EIA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.1% – 12.06%) * $13.10)
$-1.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.04 / (12.06% - 2.95%)
$-11.41
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $13.10 + $-11.41
$1.69
AMEX:EIA Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.69
Current discount Discount to share price of $10.18
= -1 x ($10.18 - $1.69) / $1.69
-502.6%

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

  • The current share price of Eaton Vance California Municipal Bond Fund II is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Bond Fund II'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 Bond Fund II's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:EIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in USD $0.17
AMEX:EIA Share Price ** AMEX (2018-12-14) in USD $10.18
United States of America Capital Markets Industry PE Ratio Median Figure of 68 Publicly-Listed Capital Markets Companies 18.59x
United States of America Market PE Ratio Median Figure of 3,017 Publicly-Listed Companies 16.77x

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

** Primary Listing of Eaton Vance California Municipal Bond Fund II.

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

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

= 10.18 ÷ 0.17

60.56x

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

  • Eaton Vance California Municipal Bond Fund II is overvalued based on earnings compared to the US Capital Markets industry average.
  • Eaton Vance California Municipal Bond Fund II is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Eaton Vance California Municipal Bond Fund II's expected growth come at a high price?
Raw Data
AMEX:EIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 60.56x
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 1.65x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.16x

*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 Bond Fund II, 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 Bond Fund II's assets?
Raw Data
AMEX:EIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in USD $12.44
AMEX:EIA Share Price * AMEX (2018-12-14) in USD $10.18
United States of America Capital Markets Industry PB Ratio Median Figure of 130 Publicly-Listed Capital Markets Companies 4.52x
United States of America Market PB Ratio Median Figure of 5,082 Publicly-Listed Companies 1.7x
AMEX:EIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 10.18 ÷ 12.44

0.82x

* Primary Listing of Eaton Vance California Municipal Bond Fund II.

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

  • Eaton Vance California Municipal Bond Fund II is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Eaton Vance California Municipal Bond Fund II'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 Bond Fund II 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.

EIA Future Performance

 How is Eaton Vance California Municipal Bond Fund II 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 Bond Fund II 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
8.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eaton Vance California Municipal Bond Fund II expected to grow at an attractive rate?
  • Unable to compare Eaton Vance California Municipal Bond Fund II'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 Bond Fund II's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Eaton Vance California Municipal Bond Fund II's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:EIA 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 8.2%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:EIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 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:EIA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-03-31 3 2 1
2017-12-31 3 1 0
2017-09-30 3 1 -0
2017-06-30 3 0 -0
2017-03-31 3 0 -1
2016-12-31 3 1 2
2016-09-30 3 2 4
2016-06-30 3 4 4
2016-03-31 4 6 3
2015-12-31 4 6 3
2015-09-30 4 6 2
2015-06-30 4 5 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eaton Vance California Municipal Bond Fund II is high growth as no earnings estimate data is available.
  • Unable to determine if Eaton Vance California Municipal Bond Fund II 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:EIA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 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 Bond Fund II Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:EIA Past Financials Data
Date (Data in USD Millions) EPS *
2018-03-31 0.17
2017-12-31 0.06
2017-09-30 -0.04
2017-06-30 -0.09
2017-03-31 -0.13
2016-12-31 0.45
2016-09-30 1.03
2016-06-30 0.95
2016-03-31 0.86
2015-12-31 0.71
2015-09-30 0.56
2015-06-30 1.07

*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 Bond Fund II will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Eaton Vance California Municipal Bond Fund II'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 Bond Fund II 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.

EIA Past Performance

  How has Eaton Vance California Municipal Bond Fund II performed over the past 5 years?

  • Eaton Vance California Municipal Bond Fund II's last earnings update was 206 days ago.
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 Bond Fund II'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 Bond Fund II's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Eaton Vance California Municipal Bond Fund II has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Eaton Vance California Municipal Bond Fund II has become profitable in the last year making it difficult to compare the US Capital Markets industry average.
Earnings and Revenue History
Eaton Vance California Municipal Bond Fund II'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 Bond Fund II Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:EIA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 3.25 0.65 0.64
2017-12-31 3.28 0.24 0.64
2017-09-30 3.30 -0.17 0.64
2017-06-30 3.31 -0.34 0.66
2017-03-31 3.31 -0.52 0.68
2016-12-31 3.34 1.75 0.70
2016-09-30 3.37 4.02 0.71
2016-06-30 3.45 3.68 0.70
2016-03-31 3.53 3.35 0.68
2015-12-31 3.58 2.76 0.67
2015-09-30 3.64 2.17 0.66
2015-06-30 3.67 4.14 0.66
2015-03-31 3.69 6.12 0.65
2014-12-31 3.69 7.40 0.65
2014-09-30 3.69 8.69 0.64
2014-06-30 3.67 4.13 0.64
2014-03-31 3.66 -0.42 0.64
2013-12-31 3.67 -1.93 0.66
2013-09-30 3.68 -3.43 0.67
2013-06-30 3.70 1.12 0.67
2013-03-31 3.72 5.67 0.66
2012-12-31 3.73 7.63 0.66
2012-09-30 3.75 9.58 0.66
2012-06-30 3.82 11.24 0.66
2012-03-31 3.88 12.90 0.65
2011-12-31 3.94 6.59 0.64

*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.
  • Eaton Vance California Municipal Bond Fund II has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eaton Vance California Municipal Bond Fund II used its assets less efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Eaton Vance California Municipal Bond Fund II's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eaton Vance California Municipal Bond Fund II'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 Bond Fund II 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.

EIA Health

 How is Eaton Vance California Municipal Bond Fund II'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 Bond Fund II's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eaton Vance California Municipal Bond Fund II's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Eaton Vance California Municipal Bond Fund II'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 Bond Fund II'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 0.1x 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 Bond Fund II Company Filings, last reported 8 months ago.

AMEX:EIA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 48.36 33.78 0.01
2017-12-31 48.36 33.78 0.01
2017-09-30 51.12 32.11
2017-06-30 51.12 32.11
2017-03-31 50.67 31.91 0.11
2016-12-31 50.67 31.91 0.11
2016-09-30 53.35 30.79
2016-06-30 53.35 30.79
2016-03-31 53.39 30.65 0.64
2015-12-31 53.39 30.65 0.64
2015-09-30 76.62 8.42 1.67
2015-06-30 76.62 8.42 1.67
2015-03-31 77.57 9.89 0.31
2014-12-31 77.57 9.89 0.31
2014-09-30 77.28 9.89 0.05
2014-06-30 77.28 9.89 0.05
2014-03-31 74.28 9.98
2013-12-31 74.28 9.98
2013-09-30 71.43 9.89 2.12
2013-06-30 71.43 9.89 2.12
2013-03-31 77.54 9.89 0.53
2012-12-31 77.54 9.89 0.53
2012-09-30 77.76 9.97
2012-06-30 77.76 9.97
2012-03-31 74.84 9.89 0.86
2011-12-31 74.84 9.89 0.86
  • Eaton Vance California Municipal Bond Fund II's level of debt (69.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.8% vs 69.8% today).
  • Debt is not well covered by operating cash flow (6.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Eaton Vance California Municipal Bond Fund II'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 Bond Fund II 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.

EIA Dividends

 What is Eaton Vance California Municipal Bond Fund II'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
4.72%
Current annual income from Eaton Vance California Municipal Bond Fund II dividends.
If you bought $2,000 of Eaton Vance California Municipal Bond Fund II shares you are expected to receive $94 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 Bond Fund II's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).
  • Eaton Vance California Municipal Bond Fund II's dividend is above the markets top 25% of dividend payers in United States of America (3.77%).
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:EIA 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 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1983 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

AMEX:EIA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-01 0.480 4.715
2018-10-01 0.480 4.760
2018-09-04 0.480 4.601
2018-08-01 0.530 4.915
2018-06-01 0.530 4.934
2018-05-01 0.530 4.934
2018-04-02 0.530 4.960
2018-03-01 0.530 4.922
2018-02-01 0.530 4.870
2017-12-01 0.530 4.593
2017-11-01 0.530 4.451
2017-10-02 0.530 4.415
2017-09-01 0.530 4.286
2017-08-01 0.530 4.302
2017-07-03 0.530 4.456
2017-06-01 0.530 4.475
2017-04-03 0.530 4.518
2017-02-01 0.530 4.534
2017-01-03 0.530 4.519
2016-12-01 0.530 4.578
2016-11-01 0.530 4.440
2016-10-03 0.530 4.171
2016-09-01 0.530 4.034
2016-08-01 0.620 4.484
2016-07-01 0.620 4.555
2016-06-01 0.620 4.590
2016-05-02 0.620 4.518
2016-04-01 0.620 4.585
2016-03-01 0.620 4.715
2016-01-04 0.620 4.826
2015-12-01 0.731 5.800
2015-11-02 0.731 5.776
2015-10-01 0.731 5.827
2015-09-01 0.731 5.791
2015-08-03 0.731 5.941
2015-06-01 0.731 6.002
2015-05-01 0.731 5.620
2015-04-02 0.731 5.587
2015-03-02 0.731 5.631
2015-02-02 0.731 5.560
2015-01-02 0.731 5.531
2014-11-03 0.731 5.854
2014-10-01 0.731 5.930
2014-09-02 0.731 6.036
2014-08-01 0.731 6.005
2014-06-30 0.731 5.967
2014-05-30 0.731 6.024
2014-04-30 0.731 5.978
2014-03-31 0.731 6.221
2014-02-28 0.731 6.307
2014-01-31 0.731 6.411
2013-12-31 0.731 6.646
2013-11-29 0.731 6.928
2013-10-31 0.731 6.749
2013-09-30 0.731 6.562
2013-08-30 0.731 6.690
2013-07-31 0.731 6.891
2013-06-28 0.731 6.687
2013-05-31 0.731 6.252
2013-04-30 0.731 5.591
2013-03-28 0.731 5.512
2013-02-28 0.771 5.703
2013-01-31 0.771 5.417
2012-12-31 0.771 5.227
2012-08-31 0.771 5.484
2012-07-31 0.771 5.870
2012-06-29 0.771 5.849
2012-05-31 0.771 6.018
2012-04-30 0.771 5.953
2012-03-30 0.771 6.067
2012-02-29 0.771 6.158
2012-01-31 0.771 5.862
2011-12-30 0.771 6.038
2011-11-30 0.861 6.994
2011-10-31 0.861 7.155
2011-09-30 0.861 7.058
2011-08-31 0.861 7.255
2011-07-29 0.861 7.540
2011-06-30 0.861 7.528
2011-05-31 0.861 7.666
2011-04-29 0.861 7.781
2011-03-31 0.861 8.189
2011-02-28 0.861 8.185
2011-01-31 0.861 8.101
2010-12-31 0.861 8.157
2010-11-30 0.861 7.981
2010-10-29 0.861 7.219
2010-09-30 0.861 6.584
2010-08-31 0.861 6.519
2010-07-30 0.861 6.613
2010-06-30 0.861 6.642
2010-05-28 0.861 6.791
2010-04-30 0.861 6.978
2010-03-31 0.861 7.086
2010-02-26 0.861 7.183
2010-01-29 0.861 7.123
2009-12-31 0.851 7.219
2009-11-30 0.851 7.363
2009-10-30 0.851 7.230
2009-09-30 0.851 6.820
2009-08-31 0.851 6.727
2009-07-31 0.851 7.297
2009-06-30 0.791 7.317
2009-05-29 0.791 7.252
2009-04-30 0.791 6.547
2009-03-31 0.791 7.282
2009-02-27 0.751 7.318
2009-01-30 0.751 7.119
2008-12-31 0.701 7.302
2008-12-18 0.701 9.151

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 Bond Fund II's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
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 Bond Fund II's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Bond Fund II afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eaton Vance California Municipal Bond Fund II 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.

EIA Management

 What is the CEO of Eaton Vance California Municipal Bond Fund II'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 Bond Fund II 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
Management Committee

Paul O'Neil

TITLE
Chief Compliance Officer
AGE
65

Maureen Gemma

TITLE
Chief Legal Officer
AGE
58

James Kirchner

TITLE
Treasurer
AGE
51
TENURE
5.9 yrs

Cindy Clemson

TITLE
Co-Director of Municipal Investments
AGE
55
TENURE
13.9 yrs

Craig Brandon

TITLE
Portfolio Manager
AGE
52
Board of Directors Tenure

Average tenure and age of the Eaton Vance California Municipal Bond Fund II board of directors in years:

10.8
Average Tenure
70
Average Age
  • The average tenure for the Eaton Vance California Municipal Bond Fund II board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ralph Verni

TITLE
Chairman
COMPENSATION
$566
AGE
75
TENURE
11.4 yrs

William Park

TITLE
COMPENSATION
$409
AGE
71
TENURE
15.9 yrs

Allen Freedman

TITLE
COMPENSATION
$400
AGE
78
TENURE
11.9 yrs

Helen Peters

TITLE
COMPENSATION
$377
AGE
70
TENURE
10.1 yrs

Harriett Taggart

TITLE
COMPENSATION
$407
AGE
70
TENURE
7.9 yrs

Ronald Pearlman

TITLE
COMPENSATION
$409
AGE
78
TENURE
15.9 yrs

Thomas Faust

TITLE
AGE
60
TENURE
11.9 yrs

Scott Eston

TITLE
COMPENSATION
$415
AGE
62
TENURE
7.9 yrs

Cynthia Frost

TITLE
COMPENSATION
$377
AGE
57
TENURE
4.6 yrs

George Gorman

TITLE
COMPENSATION
$377
AGE
66
TENURE
4.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Eaton Vance California Municipal Bond Fund II'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 Bond Fund II 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.

EIA News

External News
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EIA Company Info

Map
Description

Eaton Vance California Municipal Bond Fund II is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education. Eaton Vance California Municipal Bond Fund II was formed in 2002 and is domiciled in United States.

Details
Name: Eaton Vance California Municipal Bond Fund II
EIA
Exchange: AMEX
Founded: 2002
$39,563,104
3,886,356
Website: http://funds.eatonvance.com/California-Municipal-Bond-Fund-II-EIA.php
Address: Eaton Vance California Municipal Bond Fund II
Two International Place,
Suite 1400,
Boston,
Massachusetts, 02110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX EIA Common Shares NYSE MKT LLC US USD 26. Nov 2002
Number of employees
Current staff
Staff numbers
0
Eaton Vance California Municipal Bond Fund II employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/17 23:47
End of day share price update: 2018/12/14 00:00
Last earnings filing: 2018/05/25
Last earnings reported: 2018/03/31
Last annual earnings reported: 2017/09/30


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.