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Eaton Vance California Municipal Bond Fund

AMEX:EVM
Snowflake Description

Unattractive dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVM
AMEX
$226M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Eaton Vance California Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The last earnings update was 147 days ago. More info.


Add to Portfolio Compare Print
  • Eaton Vance California Municipal Bond Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
EVM Share Price and Events
7 Day Returns
-0.1%
AMEX:EVM
-0.2%
US Capital Markets
-0.1%
US Market
1 Year Returns
3.5%
AMEX:EVM
-6.8%
US Capital Markets
7.6%
US Market
EVM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eaton Vance California Municipal Bond Fund (EVM) -0.1% -0.1% 2.3% 3.5% -17.4% -5.4%
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
  • EVM outperformed the Capital Markets industry which returned -6.8% over the past year.
  • EVM underperformed the Market in United States of America which returned 7.6% over the past year.

Value

 Is Eaton Vance California Municipal Bond Fund 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 Bond Fund. This is due to cash flow or dividend data being unavailable. The share price is $10.57.
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'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's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:EVM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.16
AMEX:EVM Share Price ** AMEX (2019-04-23) in USD $10.57
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 Bond Fund.

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

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

= 10.57 ÷ -0.16

-65.02x

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

  • Eaton Vance California Municipal Bond Fund is loss making, we can't compare its value to the US Capital Markets industry average.
  • Eaton Vance California Municipal Bond Fund 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 Bond Fund's expected growth come at a high price?
Raw Data
AMEX:EVM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -65.02x
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 Bond Fund, 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's assets?
Raw Data
AMEX:EVM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $11.78
AMEX:EVM Share Price * AMEX (2019-04-23) in USD $10.57
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:EVM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 10.57 ÷ 11.78

0.9x

* Primary Listing of Eaton Vance California Municipal Bond Fund.

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

  • Eaton Vance California Municipal Bond Fund 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'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 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 Bond Fund 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 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 Bond Fund expected to grow at an attractive rate?
  • Unable to compare Eaton Vance California Municipal Bond Fund'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'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's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:EVM 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:EVM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:EVM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 17 2 -3
2018-06-30 17 6 1
2018-03-31 17 9 5
2017-12-31 18 7 2
2017-09-30 18 4 0
2017-06-30 18 8 -1
2017-03-31 18 12 -1
2016-12-31 18 12 10
2016-09-30 18 11 22
2016-06-30 19 6 19
2016-03-31 19 1 15
2015-12-31 19 5 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eaton Vance California Municipal Bond Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Eaton Vance California Municipal Bond Fund 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:EVM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 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 Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:EVM Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.16
2018-06-30 0.04
2018-03-31 0.25
2017-12-31 0.11
2017-09-30 -0.02
2017-06-30 -0.04
2017-03-31 -0.07
2016-12-31 0.48
2016-09-30 1.02
2016-06-30 0.87
2016-03-31 0.71
2015-12-31 0.61

*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 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'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 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 Bond Fund 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 Bond Fund'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 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 Bond Fund's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Eaton Vance California Municipal Bond Fund'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 Bond Fund'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 Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:EVM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 16.94 -3.48 3.00
2018-06-30 17.09 0.93 3.02
2018-03-31 17.23 5.34 3.03
2017-12-31 17.54 2.45 3.04
2017-09-30 17.85 -0.43 3.05
2017-06-30 18.04 -0.92 3.09
2017-03-31 18.23 -1.41 3.12
2016-12-31 18.30 10.21 3.13
2016-09-30 18.38 21.83 3.14
2016-06-30 18.54 18.51 3.11
2016-03-31 18.70 15.20 3.08
2015-12-31 18.79 12.97 3.07
2015-09-30 18.87 10.74 3.06
2015-06-30 18.95 21.14 3.06
2015-03-31 19.03 31.53 3.06
2014-12-31 19.13 37.59 3.05
2014-09-30 19.22 43.65 3.04
2014-06-30 19.36 20.31 3.08
2014-03-31 19.50 -3.03 3.11
2013-12-31 19.64 -10.37 3.23
2013-09-30 19.78 -17.72 3.34
2013-06-30 19.73 4.12 3.38
2013-03-31 19.67 25.95 3.43
2012-12-31 19.65 34.40 3.39
2012-09-30 19.63 42.85 3.36
2012-06-30 20.25 53.14 3.34

*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 Bond Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Eaton Vance California Municipal Bond Fund 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 Bond Fund 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 Bond Fund'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 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 Bond Fund'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's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eaton Vance California Municipal Bond Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Eaton Vance California Municipal Bond Fund'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'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 Company Filings, last reported 6 months ago.

AMEX:EVM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 251.94 200.74
2018-06-30 251.94 200.74
2018-03-31 255.89 195.07 2.04
2017-12-31 255.89 195.07 2.04
2017-09-30 266.35 192.51 0.69
2017-06-30 266.35 192.51 0.69
2017-03-31 262.67 189.79
2016-12-31 262.67 189.79
2016-09-30 279.28 193.88 10.33
2016-06-30 279.28 193.88 10.33
2016-03-31 277.60 193.31 4.59
2015-12-31 277.60 193.31 4.59
2015-09-30 272.05 179.68
2015-06-30 272.05 179.68
2015-03-31 277.03 185.20 9.69
2014-12-31 277.03 185.20 9.69
2014-09-30 276.02 183.50 10.71
2014-06-30 276.02 183.50 10.71
2014-03-31 261.68 184.80 3.76
2013-12-31 261.68 184.80 3.76
2013-09-30 250.41 184.80 4.46
2013-06-30 250.41 184.80 4.46
2013-03-31 281.08 205.52 2.07
2012-12-31 281.08 205.52 2.07
2012-09-30 282.35 190.98
2012-06-30 282.35 190.98
  • Eaton Vance California Municipal Bond Fund's level of debt (79.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (73.8% vs 79.7% today).
  • Debt is not well covered by operating cash flow (1.1%, less than 20% of total debt).
  • Eaton Vance California Municipal Bond Fund is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Eaton Vance California Municipal Bond Fund'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 has a total score of 0/6, 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 Bond Fund'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
4.48%
Current annual income from Eaton Vance California Municipal Bond Fund dividends.
If you bought $2,000 of Eaton Vance California Municipal Bond Fund shares you are expected to receive $90 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's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Eaton Vance California Municipal Bond Fund'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:EVM 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:EVM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.474 4.488
2019-02-01 0.474 4.562
2018-12-03 0.474 4.675
2018-11-01 0.474 4.768
2018-10-01 0.474 4.839
2018-09-04 0.474 4.682
2018-08-01 0.474 4.596
2018-06-01 0.474 4.587
2018-05-01 0.474 4.609
2018-04-02 0.474 4.609
2018-03-01 0.474 4.560
2018-02-01 0.474 4.447
2017-12-01 0.584 5.062
2017-11-01 0.584 4.950
2017-10-02 0.584 4.820
2017-09-01 0.584 4.790
2017-08-01 0.584 4.869
2017-07-03 0.584 4.987
2017-06-01 0.584 4.998
2017-04-03 0.584 5.063
2017-02-01 0.584 5.116
2017-01-03 0.584 5.060
2016-12-01 0.584 5.183
2016-11-01 0.584 5.060
2016-10-03 0.584 4.657
2016-09-01 0.684 4.975
2016-08-01 0.684 4.963
2016-07-01 0.684 4.922
2016-06-01 0.684 5.166
2016-05-02 0.684 5.253
2016-04-01 0.684 5.350
2016-03-01 0.684 5.408
2016-01-04 0.684 5.461
2015-12-01 0.684 5.720
2015-11-02 0.684 5.694
2015-10-01 0.684 5.753
2015-09-01 0.684 5.918
2015-08-03 0.684 5.957
2015-06-01 0.684 5.976
2015-05-01 0.684 5.724
2015-04-02 0.684 5.610
2015-03-02 0.684 5.678
2015-02-02 0.684 5.679
2015-01-02 0.684 5.684
2014-11-03 0.684 5.827
2014-10-01 0.684 5.920
2014-09-02 0.684 5.949
2014-08-01 0.654 5.648
2014-06-30 0.654 5.697
2014-05-30 0.654 5.655
2014-04-30 0.654 5.709
2014-03-31 0.654 5.955
2014-02-28 0.654 6.030
2014-01-31 0.654 6.058
2013-12-31 0.654 6.241
2013-11-29 0.654 6.501
2013-10-31 0.654 6.410
2013-09-30 0.654 6.378
2013-08-30 0.654 6.504
2013-07-31 0.654 6.568
2013-06-28 0.654 6.262
2013-05-31 0.654 5.893
2013-04-30 0.654 5.443
2013-03-28 0.654 5.355
2013-02-28 0.654 5.340
2013-01-31 0.654 5.146
2012-12-31 0.654 5.193
2012-08-31 0.654 5.223
2012-07-31 0.654 5.316
2012-06-29 0.654 5.233
2012-05-31 0.654 5.343
2012-04-30 0.654 5.263
2012-03-30 0.739 6.057
2012-02-29 0.739 6.014
2012-01-31 0.739 5.599
2011-12-30 0.739 5.786
2011-11-30 0.849 6.899
2011-10-31 0.849 7.072
2011-09-30 0.849 6.900
2011-08-31 0.849 7.105
2011-07-29 0.849 7.409
2011-06-30 0.849 7.325
2011-05-31 0.849 7.428
2011-04-29 0.849 7.640
2011-03-31 0.849 8.038
2011-02-28 0.849 8.042
2011-01-31 0.849 7.882
2010-12-31 0.849 7.866
2010-11-30 0.849 7.686
2010-10-29 0.849 7.048
2010-09-30 0.849 6.474
2010-08-31 0.849 6.402
2010-07-30 0.849 6.519
2010-06-30 0.849 6.562
2010-05-28 0.849 6.689
2010-04-30 0.849 6.829
2010-03-31 0.849 6.974
2010-02-26 0.849 7.066
2010-01-29 0.849 7.014
2009-12-31 0.839 7.119
2009-11-30 0.839 7.236
2009-10-30 0.839 7.096
2009-09-30 0.839 6.617
2009-08-31 0.839 6.611
2009-07-31 0.839 7.008
2009-06-30 0.779 7.116
2009-05-29 0.779 7.242
2009-04-30 0.779 6.901
2009-04-24 0.779 7.120

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Eaton Vance California Municipal Bond Fund'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 Bond Fund'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 Bond Fund 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 has a total score of 2/6, 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 Bond Fund'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 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
TENURE
11.3 yrs

James Kirchner

TITLE
Treasurer
AGE
51
TENURE
6.3 yrs

Craig Brandon

TITLE
Portfolio Manager
AGE
52
Board of Directors Tenure

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

11.1
Average Tenure
70
Average Age
  • The average tenure for the Eaton Vance California Municipal Bond Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ralph Verni

TITLE
Chairman
COMPENSATION
$3K
AGE
75
TENURE
11.8 yrs

William Park

TITLE
COMPENSATION
$2K
AGE
71
TENURE
16.3 yrs

Allen Freedman

TITLE
COMPENSATION
$2K
AGE
78
TENURE
11.8 yrs

Ronald Pearlman

TITLE
COMPENSATION
$2K
AGE
78
TENURE
16.3 yrs

Thomas Faust

TITLE
AGE
60
TENURE
11.8 yrs

Helen Peters

TITLE
COMPENSATION
$2K
AGE
70
TENURE
10.4 yrs

Scott Eston

TITLE
COMPENSATION
$2K
AGE
62
TENURE
7.6 yrs

Tee Taggart

TITLE
COMPENSATION
$2K
AGE
70
TENURE
7.6 yrs

Cynthia Frost

TITLE
COMPENSATION
$2K
AGE
57
TENURE
4.9 yrs

George Gorman

TITLE
COMPENSATION
$2K
AGE
66
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Eaton Vance California Municipal Bond Fund'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 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 Bond Fund 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. The fund was formerly known as Eaton Vance Insured California Municipal Bond Fund. Eaton Vance California Municipal Bond Fund was formed in 2002 and is domiciled in United States.

Details
Name: Eaton Vance California Municipal Bond Fund
EVM
Exchange: AMEX
Founded: 1992
$226,138,258
21,394,348
Website: http://funds.eatonvance.com/California-Municipal-Bond-Fund-EVM.php
Address: Eaton Vance California Municipal Bond Fund
Two International Place,
Suite 1400,
Boston,
Massachusetts, 02110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX EVM Common Shares NYSE MKT LLC US USD 28. Aug 2002
Number of employees
Current staff
Staff numbers
0
Eaton Vance California Municipal Bond Fund 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: 2018/11/27
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


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.