Eaton Vance California Municipal Income Trust

Eaton Vance California Municipal Income Trust

CEV
Eaton Vance California Municipal Income TrustUS flagNew York Stock Exchange American
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USD
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(- -)

Recent

price

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P/E

ratio

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div

yld

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ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
1.05
1.01
3.19
-1.19
2.34
0.76
-0.01
0.74
-0.13
1.79
0.98
0.58
-2.41
0.42
0.83
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Revenue per Share
0.93
0.91
3.09
-1.28
2.26
0.67
0.19
0.67
-0.2
1.72
0.92
0.51
-2.48
0.36
0.77
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Basic EPS, GAAP
0.97
1.54
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0.7
0.99
0.38
0.59
1
0.08
3.04
1.9
1.33
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Free Cash Flow per Basic Share
0.87
0.86
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0.64
0.49
0.47
0.53
0.55
0.56
0.53
0.44
0.54
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Dividend per Share
-1.39
-2.17
-2.23
0.04
0.03
0.03
0.02
0.03
-0.04
1.86
2.24
2.17
-0.82
-0.88
-0.49
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Book Value per Share
12.39
12.41
14.66
12.6
14.07
13.91
14.17
13.6
13.21
14.32
14.77
14.52
11.49
11.77
11.68
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Tangible Book Value per Share
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
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Basic Weighted Avg Shares
8
7
23
-9
17
6
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5
-1
13
7
4
-17
3
6
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Sales/Revenue/Turnover
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Operating Margin (%)
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Depreciation Expense
7
7
23
-9
16
5
-1
5
-1
12
6
4
-18
2
5
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Net Income, GAAP
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Effective Tax Rate (%)
92.04
91.94
97.38
106.97
96.65
89.6
991.87
90.04
152.35
96.3
93.19
88.43
102.77
86.02
92.52
1.31
Profit Margin (%)
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Working Capital
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15
15
14
13
12
7
59
59
60
60
44
32
26
38
LT Debt
89
90
106
141
152
152
102
103
94
102
105
104
82
81
83
79
Total Equity
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Return on Invested Capital (%)
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Return on Capital (%)
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6,009.69
2,248.91
693.61
2,457.43
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44.49
23.53
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Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-5.46%
-5.11%
-5.07%
Free Cash Flow
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664.1%
-174.71%
Net Income, GAAP
-272.96%
-142.85%
-99.9%
Sales/Revenue/Turnover
-972.42%
-131.18%
-92.93%
Total Cash Common Dividend
-976.72%
2.82%
10.17%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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3
2024
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6
2025
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Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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0.36
2024
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0.77
2025
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Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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0.44
2024
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- -
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0.54
2025
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Business
Eaton Vance California Municipal Income Trust (NYSE: CEV) is a diversified, closed-end management investment company that seeks current income exempt from federal and California personal income taxes. The Trust invests primarily in municipal obligations issued by or on behalf of the State of California and its political subdivisions, agencies, authorities, and instrumentalities, including participation certificates and other limited obligations; municipal revenue obligations, such as hospital revenue bonds and housing revenue bonds; municipal obligations backed by U.S. government obligations or insured by financial guaranty insurers; municipal notes, such as tax, revenue, and bond anticipation notes; municipal commercial paper; and zero coupon municipal obligations. Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management, serves as the investment adviser, employing a strategy focused on high current income while preserving capital through a diversified portfolio of investment-grade and below-investment-grade securities with a targeted average portfolio duration of 10 to 14 years. The Trust was organized in 2002 and is based in Boston, Massachusetts, with shares trading on the New York Stock Exchange under the ticker CEV. In recent years, the Trust has navigated market volatility through active portfolio management, including adjustments to its leverage profile and credit allocations amid rising interest rates; notable changes include a 2023 leverage reduction to enhance stability and a 2024 distribution policy reaffirmation targeting 8-9% annual yield, alongside integration of enhanced ESG considerations in security selection following Morgan Stanley's broader sustainability initiatives.