NYSE · Asset Management · USD

Eaton Vance Municipal Income 2028 Term Trust (ETX) Stock Analysis

Eaton Vance Municipal Income 2028 Term Trust (ETX) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

ETX

$17.23

−$0.10 (−0.58%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ETX Key Statistics

As of Oct 21, 2026

Trading

Open: $17.34
Previous Close: $17.33
Day's Range: 17.21–17.33
52-Week Range: 17.06–19.75
Volume: 35.74K

Valuation

Market Cap: $187.85M
P/E Ratio: 30.23
EPS (ttm): 0.57

Financials (FY)

Revenue (FY): $8.80M+26.76%
Net Income (FY): $8.47M+27.59%
Shares Outstanding: 10.90M
1-Year Return: −6.62%

Dividend and dates

Dividend: $0.94+5.41%
Ex-Dividend Date: October 15, 2026
Avg Volume: 24.25K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, ETX closed at $17.23, −6.62% over 1 year.

Eaton Vance Municipal Income 2028 Term Trust (ETX) has a market capitalization of $187.85M.

In fiscal 2025, ETX reported revenue of $8.80M.

ETX Stock Return by Calendar Year

Eaton Vance Municipal Income 2028 Term Trust (ETX) 10-year return: what $10,000 became

1 year: $10,000 $9,338; −6.62%
5 years: $10,000 $9,504; −4.96%
10 years: $10,000 $13,403; +34.03%

If you had invested $10,000 in Eaton Vance Municipal Income 2028 Term Trust (ETX) 10 years ago, at the close on October 21, 2016, it would have been worth $13,403 at the close on October 21, 2026: +34.03% in total, +2.97% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+19.58%−13.52%−5.15%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−5.15%
2025	+11.70%
2024	+6.86%
2023	+1.32%
2022	−13.52%
2021	−4.67%
2020	+11.32%
2019	+19.58%
2018	−3.74%
2017	+10.23%
2016 (partial year)	−6.90%

As of October 21, 2026.

ETX Revenue and Earnings by Fiscal Year

FY ends January

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$8.80M	$8.47M	96.2%
2024	$6.94M	$6.64M	95.6%
2023	$5.32M	$5.06M	95.1%
2022	−$8.16M	−$8.39M	102.8%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$8.80M	—	—	$8.47M	96.2%
2024	$6.94M	—	—	$6.64M	95.6%
2023	$5.32M	—	—	$5.06M	95.1%
2022	−$8.16M	—	—	−$8.39M	102.8%

Annual figures as reported, in the company's reporting currency. As of January 31, 2026.

ETX Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.94+0.0% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.70	9	—
2025	$0.94	12	+0.0%
2024	$0.94	12	+30.0%
2023	$0.72	12	−12.7%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.70	9	—
2025	$0.94	12	+0.0%
2024	$0.94	12	+30.0%
2023	$0.72	12	−12.7%
2022	$0.83	12	−3.2%
2021	$0.85	12	+0.8%
2020	$0.85	12	−0.8%
2019	$0.85	12	+0.0%
2018	$0.85	12	+0.0%
2017	$0.85	12	+500.0%
2016	$0.14	2	—

Most recent payment: $0.08 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

ETX Valuation vs Asset Management Median

Median of 512 stocks

Metric	ETX	Asset Management median	vs median
P/E	30.23	9.44	3.2x the median

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

The market values Eaton Vance Municipal Income 2028 Term Trust (ETX) at $187.85M. It is classified in the Asset Management industry, within the Financial Services sector.

Over the past 52 weeks the price has ranged from $17.06 to $19.75. The most recent close on file for ETX is $17.23, dated October 21, 2026. That is −$0.10 (−0.58%) against the previous close. The latest close sits 1% above that 52-week low.

Financial Health

In fiscal 2025, Eaton Vance Municipal Income 2028 Term Trust reported revenue of $8.80M. Against the prior fiscal year total of $6.94M, that is a change of +26.76%. Net income for the same year was $8.47M. That is +27.59% against the prior fiscal year. Trailing earnings per share are 0.57.

Across the 4 fiscal years on file, revenue moves from −$8.16M in 2022 to $8.80M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 30.23. That is 3.2 times the Asset Management median of 9.44. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

Annualized volatility over the trailing 10 years is 14.46%. Over the trailing twelve months the total return is −6.62%. Across 10 years the annualized return works out at +2.97%.

Growth & Income

Shareholders receive a dividend, yielding 5.41% on the latest price. That is 3.5 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.94 a share. The ex-dividend date on file is October 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.70 a share. The year before, 2025, totalled $0.94 a share.

2026 is still running; the total return is −5.15% year to date. The strongest complete calendar year on file is 2019 at +19.58%; the weakest is 2022 at −13.52%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Eaton Vance Municipal Income 2028 Term Trust (ETX) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Eaton Vance Municipal Income 2028 Term Trust	ETX	$187.85M	30.2
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Eaton Vance Municipal Income 2028 Term Trust trades at a P/E of 30.2.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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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.

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