Eaton Vance Floating-Rate Income Trust (EFT) to Issue Monthly Dividend of $0.07 on October 30th

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.07 per share by the investment management company on Friday, October 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Thursday, October 15th. This is a 1.4% decrease from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.0710.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of NYSE EFT opened at $10.63 on Friday. Eaton Vance Floating-Rate Income Trust has a 12 month low of $10.31 and a 12 month high of $11.92. The business has a 50-day moving average of $10.66 and a 200-day moving average of $10.73.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a closed-end investment fund managed by Eaton Vance Management, an investment management firm and subsidiary of Morgan Stanley. The fund seeks to provide a high level of current income while maintaining a secondary objective of preserving capital.

EFT invests primarily in floating-rate loans and other floating-rate debt instruments. Its portfolio generally emphasizes senior, secured corporate loans, which typically have interest rates that adjust periodically based on changes in a reference interest rate.