Loading...

Eaton Vance Massachusetts Municipal Income Trust

AMEX:MMV
Snowflake Description

Imperfect balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MMV
AMEX
$35M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Eaton Vance Massachusetts Municipal Income Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. The last earnings update was 180 days ago. More info.


Add to Portfolio Compare Print
  • Eaton Vance Massachusetts 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.
MMV Share Price and Events
7 Day Returns
-0.7%
AMEX:MMV
5.7%
US Capital Markets
3.2%
US Market
1 Year Returns
-3.2%
AMEX:MMV
-11%
US Capital Markets
-6.5%
US Market
MMV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eaton Vance Massachusetts Municipal Income Trust (MMV) -0.7% 3.7% 5.4% -3.2% -11.4% -1.7%
US Capital Markets 5.7% 15.2% 1.9% -11% 67.9% 67.6%
US Market 3.2% 11.4% -1.4% -6.5% 42.1% 41.6%
1 Year Return vs Industry and Market
  • MMV outperformed the Capital Markets industry which returned -11% over the past year.
  • MMV outperformed the Market in United States of America which returned -6.5% over the past year.
Price Volatility
MMV
Industry
5yr Volatility vs Market

MMV Value

 Is Eaton Vance Massachusetts 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
Here we compare the current share price of Eaton Vance Massachusetts Municipal Income Trust 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 Massachusetts Municipal Income Trust.

AMEX:MMV 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
= $14.99 * 2.9%
$0.44
Book Value of Equity per Share Median Book Value from the past 5 years. $14.99
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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:MMV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.734 (1 + (1- 21%) (60.49%))
1.084
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.084 * 7.27%)
10.61%

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

The calculations below outline how an intrinsic value for Eaton Vance Massachusetts Municipal Income Trust 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:MMV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.9% – 10.61%) * $14.99)
$-1.15
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.15 / (10.61% - 2.73%)
$-14.59
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $14.99 + $-14.59
$0.4
AMEX:MMV Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.40
Current discount Discount to share price of $12.65
= -1 x ($12.65 - $0.40) / $0.40
-3098.6%

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

  • The current share price of Eaton Vance Massachusetts Municipal Income Trust 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 Massachusetts 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 Massachusetts 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:MMV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-05-31) in USD $0.04
AMEX:MMV Share Price ** AMEX (2019-01-18) in USD $12.65
United States of America Capital Markets Industry PE Ratio Median Figure of 68 Publicly-Listed Capital Markets Companies 20.12x
United States of America Market PE Ratio Median Figure of 3,026 Publicly-Listed Companies 17.11x

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

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

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

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

= 12.65 ÷ 0.04

317.27x

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

  • Eaton Vance Massachusetts Municipal Income Trust is overvalued based on earnings compared to the US Capital Markets industry average.
  • Eaton Vance Massachusetts Municipal Income Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Eaton Vance Massachusetts Municipal Income Trust's expected growth come at a high price?
Raw Data
AMEX:MMV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 317.27x
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 2.21x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.29x

*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 Massachusetts 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 Massachusetts Municipal Income Trust's assets?
Raw Data
AMEX:MMV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-05-31) in USD $14.71
AMEX:MMV Share Price * AMEX (2019-01-18) in USD $12.65
United States of America Capital Markets Industry PB Ratio Median Figure of 132 Publicly-Listed Capital Markets Companies 5.04x
United States of America Market PB Ratio Median Figure of 5,101 Publicly-Listed Companies 1.77x
AMEX:MMV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.65 ÷ 14.71

0.86x

* Primary Listing of Eaton Vance Massachusetts Municipal Income Trust.

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

  • Eaton Vance Massachusetts Municipal Income Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Eaton Vance Massachusetts 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 Massachusetts 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.

MMV Future Performance

 How is Eaton Vance Massachusetts 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 Massachusetts 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 Massachusetts Municipal Income Trust expected to grow at an attractive rate?
  • Unable to compare Eaton Vance Massachusetts 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 Massachusetts 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 Massachusetts 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:MMV 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 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.6%
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:MMV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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:MMV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-05-31 2 3 0
2018-02-28 2 3 1
2017-11-30 2 2 2
2017-08-31 3 2 1
2017-05-31 3 1 -0
2017-02-28 3 1 -0
2016-11-30 3 1 -0
2016-08-31 3 2
2016-05-31 3 4
2016-02-29 3 3
2015-11-30 3 2
2015-08-31 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eaton Vance Massachusetts Municipal Income Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Eaton Vance Massachusetts 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:MMV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Eaton Vance Massachusetts Municipal Income Trust Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:MMV Past Financials Data
Date (Data in USD Millions) EPS *
2018-05-31 0.04
2018-02-28 0.44
2017-11-30 0.85
2017-08-31 0.36
2017-05-31 -0.12
2017-02-28 -0.06
2016-11-30 -0.00
2016-08-31 0.74
2016-05-31 1.49
2016-02-29 1.09
2015-11-30 0.70
2015-08-31 0.71

*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 Massachusetts 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 Massachusetts 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 Massachusetts 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.

MMV Past Performance

  How has Eaton Vance Massachusetts 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 Massachusetts 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 Massachusetts Municipal Income Trust's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Eaton Vance Massachusetts Municipal Income Trust has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Eaton Vance Massachusetts Municipal Income Trust has become profitable in the last year making it difficult to compare the US Capital Markets industry average.
Earnings and Revenue History
Eaton Vance Massachusetts 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 Massachusetts Municipal Income Trust Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:MMV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-05-31 2.42 0.11 0.52
2018-02-28 2.45 1.21 0.53
2017-11-30 2.47 2.31 0.54
2017-08-31 2.51 0.99 0.57
2017-05-31 2.54 -0.33 0.60
2017-02-28 2.55 -0.16 0.64
2016-11-30 2.56 -0.00 0.68
2016-08-31 2.57 2.03 0.68
2016-05-31 2.58 4.07 0.68
2016-02-29 2.61 2.99 0.68
2015-11-30 2.64 1.90 0.67
2015-08-31 2.67 1.95 0.68
2015-05-31 2.69 2.01 0.68
2015-02-28 2.69 3.90 0.68
2014-11-30 2.69 5.79 0.67
2014-08-31 2.71 3.62 0.67
2014-05-31 2.72 1.45 0.67
2014-02-28 2.76 -1.59 0.69
2013-11-30 2.79 -4.64 0.70
2013-08-31 2.81 -1.41 0.71
2013-05-31 2.83 1.81 0.73
2013-02-28 2.86 5.07 0.72
2012-11-30 2.88 8.33 0.72
2012-08-31 2.95 7.99 0.72
2012-05-31 3.02 7.66 0.71
2012-02-29 3.09 5.33 0.70

*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 Massachusetts Municipal Income Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eaton Vance Massachusetts Municipal Income Trust used its assets less efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Eaton Vance Massachusetts Municipal Income Trust's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Eaton Vance Massachusetts 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 Massachusetts Municipal Income Trust has a total score of 1/6, 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.

MMV Health

 How is Eaton Vance Massachusetts 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 Massachusetts Municipal Income Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eaton Vance Massachusetts 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 Massachusetts 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 Massachusetts 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 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 Massachusetts Municipal Income Trust Company Filings, last reported 7 months ago.

AMEX:MMV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-05-31 40.27 20.94 1.73
2018-02-28 40.27 20.94 1.73
2017-11-30 44.00 17.65
2017-08-31 44.00 17.65
2017-05-31 44.75 17.61 0.09
2017-02-28 44.75 17.61 0.09
2016-11-30 43.11 18.72 0.19
2016-08-31 43.11 18.72 0.19
2016-05-31 46.51 18.72 1.75
2016-02-29 46.51 18.72 1.75
2015-11-30 61.53 1.92 0.02
2015-08-31 61.53 1.92 0.02
2015-05-31 61.07 3.39 0.47
2015-02-28 61.07 3.39 0.47
2014-11-30 61.58 4.92
2014-08-31 61.58 4.92
2014-05-31 61.13 3.39 1.08
2014-02-28 61.13 3.39 1.08
2013-11-30 57.82 3.39 1.43
2013-08-31 57.82 3.39 1.43
2013-05-31 61.72 4.89 0.21
2013-02-28 61.72 4.89 0.21
2012-11-30 64.60 5.15
2012-08-31 64.60 5.15
2012-05-31 62.05 4.89 0.12
2012-02-29 62.05 4.89 0.12
  • Eaton Vance Massachusetts Municipal Income Trust's level of debt (52%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.9% vs 52% today).
  • Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Eaton Vance Massachusetts 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 Massachusetts Municipal Income Trust has a total score of 2/6, 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.

MMV Dividends

 What is Eaton Vance Massachusetts 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
3.68%
Current annual income from Eaton Vance Massachusetts Municipal Income Trust dividends.
If you bought $2,000 of Eaton Vance Massachusetts Municipal Income Trust shares you are expected to receive $74 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 Massachusetts Municipal Income Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Eaton Vance Massachusetts Municipal Income Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
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:MMV 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 1986 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 3.7%

Industry and Market average data is calculated daily.

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

AMEX:MMV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-12-03 0.466 3.745
2018-11-01 0.466 3.876
2018-10-01 0.466 3.871
2018-09-04 0.466 3.685
2018-08-01 0.466 3.655
2018-06-01 0.466 3.734
2018-05-01 0.466 3.757
2018-04-02 0.466 3.753
2018-03-01 0.466 3.740
2018-02-01 0.466 3.704
2017-12-01 0.466 3.555
2017-11-01 0.466 3.507
2017-10-02 0.526 3.900
2017-09-01 0.526 3.842
2017-08-01 0.526 3.821
2017-07-03 0.526 3.869
2017-06-01 0.526 3.859
2017-04-03 0.526 3.897
2017-02-01 0.526 3.952
2017-01-03 0.526 3.937
2016-12-01 0.526 3.973
2016-11-01 0.526 3.847
2016-10-03 0.526 3.650
2016-09-01 0.526 3.513
2016-08-01 0.526 3.455
2016-07-01 0.526 3.443
2016-06-02 0.526 3.471
2016-05-02 0.586 3.889
2016-04-01 0.586 3.923
2016-03-01 0.686 4.622
2016-01-04 0.686 4.801
2015-12-01 0.686 4.925
2015-11-02 0.686 4.940
2015-10-01 0.686 4.955
2015-09-02 0.686 5.118
2015-08-03 0.686 5.138
2015-06-01 0.686 5.142
2015-05-01 0.686 5.045
2015-04-02 0.686 5.018
2015-03-02 0.686 5.029
2015-02-02 0.686 4.946
2015-01-02 0.686 4.942
2014-11-03 0.686 5.112
2014-10-01 0.686 5.145
2014-09-02 0.686 5.197
2014-08-01 0.686 5.203
2014-06-30 0.686 5.144
2014-06-02 0.686 5.110
2014-04-30 0.686 5.074
2014-03-31 0.686 5.207
2014-02-28 0.736 5.660
2014-01-31 0.736 5.659
2013-12-31 0.736 5.820
2013-11-29 0.736 6.060
2013-10-31 0.736 5.993
2013-09-30 0.736 5.801
2013-08-30 0.776 6.203
2013-07-31 0.776 6.220
2013-06-28 0.776 6.058
2013-05-31 0.776 5.841
2013-04-30 0.776 5.344
2013-03-28 0.776 5.300
2013-02-28 0.796 5.394
2013-01-31 0.796 5.191
2012-12-31 0.796 5.108
2012-09-28 0.796 4.963
2012-07-31 0.796 5.076
2012-06-29 0.796 5.170
2012-05-31 0.796 5.268
2012-04-30 0.796 5.284
2012-03-30 0.796 5.354
2012-02-29 0.796 5.403
2012-01-31 0.796 5.265
2011-12-30 0.796 5.341
2011-11-30 0.906 6.286
2011-10-31 0.906 6.190
2011-09-30 0.906 6.353
2011-08-31 0.906 6.386
2011-07-29 0.906 6.773
2011-06-30 0.906 6.672
2011-05-31 0.906 6.775
2011-03-31 0.906 7.005
2011-02-28 0.906 6.916
2011-01-31 0.906 7.082
2010-12-31 0.906 6.965
2010-11-30 0.906 6.628
2010-10-29 0.906 6.288
2010-09-30 0.906 6.041
2010-08-31 0.906 6.012
2010-07-30 0.906 5.928
2010-06-30 0.906 6.037
2010-05-28 0.906 6.212
2010-04-30 0.906 6.373
2010-03-31 0.906 6.450
2010-02-26 0.906 6.524
2009-12-31 0.906 6.403
2009-11-30 0.906 6.596
2009-10-30 0.906 6.801
2009-09-30 0.906 6.585
2009-08-31 0.906 6.420
2009-07-31 0.906 6.810
2009-06-30 0.839 6.607
2009-05-29 0.839 6.752
2009-04-30 0.839 6.865
2009-03-31 0.839 6.769
2009-02-27 0.789 6.405
2009-01-30 0.789 6.828
2009-01-23 0.669 5.907

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 Massachusetts Municipal Income Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x 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 Massachusetts Municipal Income Trust'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 Massachusetts 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 Massachusetts Municipal Income Trust 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.

MMV Management

 What is the CEO of Eaton Vance Massachusetts 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 Massachusetts 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

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 Massachusetts Municipal Income Trust board of directors in years:

7.3
Average Tenure
66
Average Age
  • The tenure for the Eaton Vance Massachusetts Municipal Income Trust board of directors is about average.
Board of Directors

Ralph Verni

TITLE
Chairman
COMPENSATION
$483
AGE
75
TENURE
11.5 yrs

William Park

TITLE
Noninterested Trustee
COMPENSATION
$477
AGE
71
TENURE
16 yrs

Harriett Taggart

TITLE
Noninterested Trustee
COMPENSATION
$374
AGE
70
TENURE
7.3 yrs

Scott Eston

TITLE
Noninterested Trustee
COMPENSATION
$324
AGE
62
TENURE
7.3 yrs

Thomas Faust

TITLE
Interested Trustee
AGE
60
TENURE
12 yrs

Helen Peters

TITLE
Noninterested Trustee
COMPENSATION
$374
AGE
70
TENURE
10.2 yrs

Valerie Mosley

TITLE
Noninterested Trustee
COMPENSATION
$341
AGE
58
TENURE
5 yrs

Cynthia Frost

TITLE
Noninterested Trustee
COMPENSATION
$341
AGE
57
TENURE
4.7 yrs

George Gorman

TITLE
Noninterested Trustee
COMPENSATION
$374
AGE
66
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Eaton Vance Massachusetts 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 Massachusetts 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.

MMV News

Simply Wall St News

MMV Company Info

Map
Description

Eaton Vance Massachusetts Municipal Income Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in fixed income markets. The fund invests primarily in debt securities issued by Massachusetts municipalities. Its portfolio comprises investments primarily in education, electric utilities, general obligations, health care, industrial development, transportation, and water and sewer sectors. Eaton Vance Massachusetts Municipal Income Trust was organized in 1998 and is based in Boston, Massachusetts.

Details
Name: Eaton Vance Massachusetts Municipal Income Trust
MMV
Exchange: AMEX
Founded: 1998
$34,623,315
2,737,021
Website: http://funds.eatonvance.com/Massachusetts-Municipal-Income-Trust-MMV.php
Address: Eaton Vance Massachusetts 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 MMV Common Shares NYSE MKT LLC US USD 27. Jan 1999
Number of employees
Current staff
Staff numbers
0
Eaton Vance Massachusetts 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: 2019/01/22 23:48
End of day share price update: 2019/01/18 00:00
Last earnings filing: 2018/07/26
Last earnings reported: 2018/05/31
Last annual earnings reported: 2017/11/30


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.