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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) declared a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be given a dividend of 0.066 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, June 15th.

Eaton Vance Senior Floating-Rate Trust Stock Down 0.3%

Shares of EFR stock opened at $10.48 on Tuesday. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.11 and a 12 month high of $12.21. The company has a 50 day simple moving average of $10.47 and a two-hundred day simple moving average of $10.82.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

Hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in Eaton Vance Senior Floating-Rate Trust in the first quarter worth about $112,000. Cetera Investment Advisers purchased a new stake in Eaton Vance Senior Floating-Rate Trust in the 2nd quarter worth approximately $130,000. Fifth Third Bancorp bought a new stake in Eaton Vance Senior Floating-Rate Trust during the 1st quarter worth approximately $125,000. Comerica Bank lifted its holdings in Eaton Vance Senior Floating-Rate Trust by 118.8% during the third quarter. Comerica Bank now owns 12,034 shares of the company’s stock valued at $138,000 after purchasing an additional 6,534 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Eaton Vance Senior Floating-Rate Trust in the third quarter worth approximately $150,000.

About Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.

The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.