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Eaton Vance Municipal Income 2028 Term Trust (ETX)

Financial Services | Asset Management | Boston, United States | NYSE
18.15 USD +0.02 (0.110%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 18.15
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★☆☆☆
Hot Take ↕ | Aug. 22, 2026, 2:13 a.m. EDT

This municipal income trust is trapped in a defensive stalemate. The price action over the last two weeks shows a distinct lack of directional bias, hovering within a tight range between $18.02 and $18.37, which aligns with the flat sentiment seen in the broader nine-year price history where the asset has neither surged nor collapsed structurally. While the five-year dividend history reveals a robust commitment to payouts—increasing from $0.058 to $0.071 in 2022 and holding steady at $0.078 recently—the sustainability of this yield is compromised by a payout ratio exceeding 120%. This indicates the trust is distributing more than its current earnings, relying on capital appreciation or reserves to bridge the gap, which introduces hidden risk to the income stream. Consequently, the asset offers a neutral stance for both immediate trading and long-term holding; it provides steady cash flow but lacks the fundamental growth engine or balance sheet strength required to justify a bullish rating.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.018981
AutoETS0.019220
AutoARIMA0.019694
AutoTheta0.020317

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 68%
H-stat 10.11
Ljung-Box p 0.000
Jarque-Bera p 0.573
Excess Kurtosis -0.19
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-08-13
Last Dividend Date 2026-08-13
Market Cap 197,763,536
Trailing P/E 23.27
Forward P/E -1815.00
Website https://funds.eatonvance.com/Municipal-Income-2028-Term-Trust-ETX.php

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.43% 4.97% 4.96% 4.62%
Dividend History
Date Dividend Yield %
2026-08-14 0.078 0.426463
2026-07-15 0.078 0.418231
2026-06-15 0.078 0.414233
2026-05-15 0.078 0.410526
2026-04-15 0.078 0.418904
2026-03-16 0.078 0.415778
2026-02-17 0.078 0.416000
2026-01-15 0.078 0.417783
2025-12-15 0.078 0.408591
2025-11-14 0.078 0.406462
2025-10-15 0.078 0.404145
2025-09-15 0.078 0.409234
2025-08-15 0.078 0.418006
2025-07-15 0.078 0.432852
2025-06-16 0.078 0.430701
2025-05-15 0.078 0.429279
2025-04-15 0.078 0.437710
2025-03-14 0.078 0.425068
2025-02-14 0.078 0.428571
2025-01-15 0.078 0.437220
2024-12-23 0.078 0.436975
2024-11-21 0.078 0.429752
2024-10-23 0.078 0.419580
2024-09-20 0.078 0.412262
2024-08-22 0.078 0.417783
2024-07-23 0.078 0.416000
2024-06-21 0.078 0.416222
2024-05-23 0.078 0.418006
2024-04-22 0.078 0.435998
2024-03-20 0.078 0.425068
2024-02-21 0.078 0.435268
2024-01-22 0.078 0.438942
2023-12-21 0.058 0.332760
2023-11-21 0.058 0.332569
2023-10-20 0.058 0.350242
2023-09-21 0.058 0.344828
2023-08-21 0.058 0.338785
2023-07-21 0.058 0.327869
2023-06-21 0.062 0.352874
2023-05-19 0.062 0.346756
2023-04-21 0.062 0.335135
2023-03-21 0.062 0.350085
2023-02-21 0.062 0.349887
2023-01-23 0.062 0.338428
2022-12-22 0.062 0.352473
2022-11-22 0.062 0.332797
2022-10-21 0.062 0.331197
2022-09-22 0.071 0.376259
2022-08-23 0.071 0.352357
2022-07-21 0.071 0.355711
2022-06-22 0.071 0.341346
2022-05-23 0.071 0.353938
2022-04-21 0.071 0.351311
2022-03-23 0.071 0.352008
2022-02-17 0.071 0.354291
2022-01-21 0.071 0.352357
2021-12-22 0.071 0.329772
2021-11-22 0.071 0.324201
2021-10-21 0.071 0.314298
2021-09-22 0.071 0.319245
2021-08-23 0.071 0.302128
2021-07-22 0.071 0.310450
2021-06-22 0.071 0.310315
2021-05-20 0.071 0.314856
2021-04-22 0.071 0.320253
2021-03-23 0.071 0.304983
2021-02-18 0.071 0.319245
2021-01-21 0.071 0.306299
2020-12-23 0.071 0.323168
2020-11-20 0.071 0.330233
2020-10-22 0.071 0.335697
2020-09-22 0.071 0.329619
2020-08-21 0.071 0.331002
2020-07-23 0.071 0.331002
2020-06-22 0.071 0.343327
2020-05-21 0.071 0.368257
2020-04-22 0.064 0.318250
2020-03-23 0.071 0.432400
2020-02-20 0.071 0.328704
2020-01-23 0.071 0.331002
2019-12-23 0.071 0.325688
2019-11-21 0.071 0.332086
2019-10-23 0.071 0.330540
2019-09-20 0.071 0.334590
2019-08-22 0.071 0.336972
2019-07-23 0.071 0.333490
2019-06-20 0.071 0.344326
2019-05-23 0.071 0.344493
2019-04-22 0.071 0.341839
2019-03-20 0.071 0.354115
2019-02-20 0.071 0.357863
2019-01-23 0.071 0.359494
2018-12-21 0.071 0.375661
2018-11-21 0.071 0.382543
2018-10-23 0.071 0.362986
2018-09-20 0.071 0.363543
2018-08-23 0.071 0.360223
2018-07-23 0.071 0.356426
2018-06-21 0.071 0.356963
2018-05-23 0.071 0.361323
2018-04-20 0.071 0.373684
2018-03-21 0.071 0.370757
2018-02-20 0.071 0.375264
2018-01-23 0.071 0.348723
2017-12-21 0.071 0.345163
2017-11-21 0.071 0.359676
2017-10-23 0.071 0.352008
2017-09-21 0.071 0.343826
2017-08-22 0.071 0.344995
2017-07-20 0.071 0.346004
2017-06-21 0.071 0.343826
2017-05-22 0.071 0.345163
2017-04-19 0.071 0.351311
2017-03-22 0.071 0.367876
2017-02-16 0.071 0.365602
2017-01-20 0.071 0.366736
2016-12-21 0.071 0.367115
2016-11-21 0.071 0.369599
2016-10-20 0.071 0.363543
2016-09-21 0.071 0.338256
2016-08-22 0.071 0.328856
2016-07-20 0.071 0.337132
2016-06-21 0.071 0.340855
2016-05-20 0.071 0.359130
2016-04-20 0.071 0.355711
2016-03-22 0.071 0.365791
2016-02-18 0.071 0.368640
2016-01-20 0.071 0.380289
2015-12-21 0.071 0.387343
2015-11-19 0.071 0.407812
2015-10-21 0.071 0.406411
2015-09-21 0.071 0.403409
2015-08-20 0.071 0.412072
2015-07-22 0.071 0.416422
2015-06-19 0.071 0.408516
2015-05-20 0.071 0.411356
2015-04-21 0.071 0.398205
2015-03-20 0.071 0.399550
2015-02-18 0.071 0.409222
2015-01-21 0.071 0.392265
2014-12-22 0.071 0.406411
2014-11-19 0.071 0.413031
2014-10-22 0.071 0.401584
2014-09-19 0.071 0.412791
2014-08-20 0.071 0.415691
2014-07-22 0.071 0.417156
2014-06-19 0.071 0.426939
2014-05-21 0.071 0.421115
2014-04-21 0.071 0.439085
2014-03-20 0.071 0.458360
2014-02-19 0.071 0.455420
2014-01-22 0.071 0.451367
2013-12-20 0.071 0.482010
2013-11-20 0.071 0.508232
2013-10-22 0.071 0.495464
2013-09-19 0.071 0.486968
2013-08-21 0.071 0.517870
2013-07-22 0.071 0.491349
2013-06-19 0.071 0.422619
Additional Data
dividendRate 0.94
dividendYield 5.18
exDividendDate 2026-08-14
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.078
lastDividendDate 2026-08-14
dividendDate 2019-01-31

Info Dump

Attribute Value
52 Week Change -0.03457445
Address1 One Post Office Square
All Time High 25.75
All Time Low 13.45
Ask 18.34
Ask Size 200
Average Daily Volume10 Day 26,910
Average Daily Volume3 Month 13,460
Average Volume 13,460
Average Volume10Days 26,910
Bid 18.12
Bid Size 6,000
City Boston
Country United States
Crypto Tradeable 0
Currency USD
Current Price 18.15
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 18.15
Day Low 18.12
Dividend Date 1,548,892,800
Dividend Rate 0.94
Dividend Yield 5.18
Ebitda Margins 0.0
Eps Forward -0.01
Eps Trailing Twelve Months 0.78
Esg Populated 0
Ex Dividend Date 1,786,665,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 18.4232
Fifty Day Average Change -0.273201
Fifty Day Average Change Percent -0.014829182
Fifty Two Week Change Percent -3.457445
Fifty Two Week High 20.0
Fifty Two Week High Change -1.8500004
Fifty Two Week High Change Percent -0.092500016
Fifty Two Week Low 18.02
Fifty Two Week Low Change 0.12999916
Fifty Two Week Low Change Percent 0.0072141597
Fifty Two Week Range 18.02 - 20.0
First Trade Date Milliseconds 1,364,304,600,000
Five Year Avg Dividend Yield 4.5
Forward Eps -0.01
Forward P E -1,815.0
Full Exchange Name NYSE
Fullday Change 0.0200005
Fullday Change Percent 0.110317
Fullday Price 18.15
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.23528999
Implied Shares Outstanding 10,896,063
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,786,665,600
Last Dividend Value 0.078
Long Business Summary 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.
Long Name Eaton Vance Municipal Income 2028 Term Trust
Market us_market
Market Cap 197,763,536
Market State CLOSED
Max Age 86,400
Message Board Id finmb_225058473
Non Diluted Market Cap 197,545,622
Open 18.12
Operating Margins 0.0
Payout Ratio 1.2031
Phone 617 482 8260
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 18.15
Post Market Time 1,787,951,100
Previous Close 18.13
Price Hint 2
Profit Margins 0.0
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0200005
Regular Market Change Percent 0.110317
Regular Market Day High 18.15
Regular Market Day Low 18.12
Regular Market Day Range 18.12 - 18.15
Regular Market Open 18.12
Regular Market Previous Close 18.13
Regular Market Price 18.15
Regular Market Time 1,787,947,203
Regular Market Volume 8,126
Sand P52 Week Change 0.20204377
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 10,896,063
Shares Percent Shares Out 0.0017
Shares Short 18,605
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 31,819
Short Name Eaton Vance Municipal Income 20
Short Percent Of Float 0.0017
Short Ratio 1.67
Source Interval 15
State MA
Symbol ETX
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.78
Trailing P E 23.269232
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 18.76635
Two Hundred Day Average Change -0.6163502
Two Hundred Day Average Change Percent -0.03284337
Type Disp Equity
Volume 8,126
Website https://funds.eatonvance.com/Municipal-Income-2028-Term-Trust-ETX.php
Zip 2,109