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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) announced a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.069 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Wednesday, July 15th. This is a 4.5% increase from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07.

Eaton Vance Senior Floating-Rate Trust Price Performance

Shares of EFR stock traded up $0.03 on Thursday, hitting $10.59. The stock had a trading volume of 4,051 shares, compared to its average volume of 136,253. The stock’s 50 day moving average is $10.51 and its 200-day moving average is $10.73. Eaton Vance Senior Floating-Rate Trust has a 52-week low of $10.11 and a 52-week high of $12.21.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. 1607 Capital Partners LLC raised its position in shares of Eaton Vance Senior Floating-Rate Trust by 331.3% during the 4th quarter. 1607 Capital Partners LLC now owns 1,432,147 shares of the company’s stock valued at $15,954,000 after acquiring an additional 1,100,058 shares in the last quarter. Pathstone Holdings LLC acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the third quarter worth $9,520,000. Rivernorth Capital Management LLC acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 4th quarter valued at about $3,707,000. Sit Investment Associates Inc. acquired a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 4th quarter valued at about $2,935,000. Finally, Saba Capital Management L.P. bought a new stake in shares of Eaton Vance Senior Floating-Rate Trust during the 1st quarter valued at about $2,759,000.

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.