Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Increases Dividend to $0.07 Per Share

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.071 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Tuesday, September 15th. This is a 4.4% increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of EFT stock opened at $10.65 on Wednesday. Eaton Vance Floating-Rate Income Trust has a one year low of $10.34 and a one year high of $12.14. The firm’s 50 day moving average price is $10.73 and its 200-day moving average price is $10.80.

Hedge Funds Weigh In On Eaton Vance Floating-Rate Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC grew its position in Eaton Vance Floating-Rate Income Trust by 100.0% in the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 1,300 shares in the last quarter. Gould Capital LLC increased its stake in Eaton Vance Floating-Rate Income Trust by 93.7% during the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,360 shares during the period. Bard Associates Inc. acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter worth about $56,000. Advisory Services Network LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the third quarter worth about $69,000. Finally, Comerica Bank boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 12.4% in the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 883 shares during the period.

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.