Eaton Vance Michigan Municipal Bond Fund (Eaton Vance Michigan Municipal Bond Fund) 5-Year Yield-on-Cost % : 3.02 (As of May. 12, 2024)

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What is Eaton Vance Michigan Municipal Bond Fund 5-Year Yield-on-Cost %?

Eaton Vance Michigan Municipal Bond Fund's yield on cost for the quarter that ended in Sep. 2018 was 3.02.

The historical rank and industry rank for Eaton Vance Michigan Municipal Bond Fund's 5-Year Yield-on-Cost % or its related term are showing as below:

MIW' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.57 Med: 3.8 Max: 5.25
Current: 3.02

During the past 9 years, Eaton Vance Michigan Municipal Bond Fund's highest Yield on Cost was 5.25. The lowest was 2.57. And the median was 3.80.

MIW's 5-Year Yield-on-Cost % is not ranked
in the Asset Management industry.
Industry Median: 5.935 vs MIW: 3.02

Competitive Comparison of Eaton Vance Michigan Municipal Bond Fund's 5-Year Yield-on-Cost %

For the Asset Management subindustry, Eaton Vance Michigan Municipal Bond Fund's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eaton Vance Michigan Municipal Bond Fund's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Michigan Municipal Bond Fund's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Eaton Vance Michigan Municipal Bond Fund's 5-Year Yield-on-Cost % falls into.

Eaton Vance Michigan Municipal Bond Fund 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Eaton Vance Michigan Municipal Bond Fund is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Eaton Vance Michigan Municipal Bond Fund (AMEX:MIW) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Eaton Vance Michigan Municipal Bond Fund 5-Year Yield-on-Cost % Related Terms

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Eaton Vance Michigan Municipal Bond Fund (Eaton Vance Michigan Municipal Bond Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Michigan Municipal Bond Fund (AMEX:MIW) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.eatonvance.com

Eaton Vance Michigan Municipal Bond Fund is a non-diversified, closed-end management investment company. The fund's investment objective is to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state-specific funds, taxes in its specified state. The company invests in various sectors, including education, electric utilities, insured-education, general obligations, insured-electric utilities, insured-general obligations, hospital, insured-bond bank, insured escrowed/pre-refunded, and water and sewer industries.

Executives

Marcus L. Smith	other: Trustee	555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Keith Quinton	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
Froio Richard F Sr	officer: Chief Compliance Officer	C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Scott E Wennerholm	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Mark R Fetting	other: Trustee	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Laurie G Hylton	officer: Chief Financial Officer	255 STATE STREET, BOSTON MA 02109
Group Ag Ubs	other: Former 10% Owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Susan J Sutherland	other: Trustee	MONTPELIER HOUSE, 94 PITTS BAY ROAD, HAMILTON D0 HM 08
George J. Gorman	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Cynthia Frost	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02148
Lynn A Stout	director	C/O EATON VANCE, THE EATON VANCE BLDG., 255 STATE ST., BOSTON MA 02109
Valerie Mosley	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
James F Kirchner	officer: Treasurer	TWO INTERNATIONAL PLACE, BOSTON MA 02110

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