Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Declares Monthly Dividend of $0.07

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.07 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, May 15th. This is a 1.4% increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.

Eaton Vance Floating-Rate Income Trust Stock Down 0.1%

Shares of EFT traded down $0.01 during mid-day trading on Wednesday, reaching $10.98. The company had a trading volume of 11,517 shares, compared to its average volume of 126,808. Eaton Vance Floating-Rate Income Trust has a 52-week low of $10.34 and a 52-week high of $12.67. The stock has a 50 day moving average of $10.77 and a two-hundred day moving average of $11.16.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.