Eaton Vance Municipal Income 2028 Term Trust (ETX)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Eaton Vance Municipal Income 2028 Term Trust trades at USD18.53, which is 60% above the USD7.41 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 5 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 23.7 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ETX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.546 | 7 |
| 2025 | USD0.936 | 12 |
| 2024 | USD0.936 | 12 |
| 2023 | USD0.720 | 12 |
| 2022 | USD0.825 | 12 |
| 2021 | USD0.852 | 12 |
| 2020 | USD0.845 | 12 |
| 2019 | USD0.852 | 12 |
| 2018 | USD0.852 | 12 |
| 2017 | USD0.852 | 12 |
| 2016 | USD0.852 | 12 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Eaton Vance Municipal Income 2028 Term Trust
Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust. Eaton Vance Municipal Income 2028 Term Trust was formed on March 28, 2013 and is domiciled in the United States.
ETX passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Eaton Vance Municipal Income 2028 Term Trust (ETX) undervalued?
Against our discounted cash flow estimate of USD7.41, ETX at USD18.53 is 60% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is ETX's P/E ratio?
ETX trades at 23.7 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Eaton Vance Municipal Income 2028 Term Trust (ETX) pay a dividend?
Yes. Eaton Vance Municipal Income 2028 Term Trust yields 5.02% at the current share price. It has paid USD0.936 per share over the trailing twelve months. It has paid a dividend in each of the last 13 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.