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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be given a dividend of $0.0710 per share by the investment management company on Monday, November 30th. This represents a $0.85 annualized dividend and a yield of 8.1%. The ex-dividend date is Monday, November 16th. 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 Price Performance

Shares of Eaton Vance Floating-Rate Income Trust stock opened at $10.57 on Tuesday. The company’s fifty day simple moving average is $10.58 and its two-hundred day simple moving average is $10.81. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.31 and a 12-month high of $11.67.

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

Several hedge funds and other institutional investors have recently modified their holdings of EFT. Bank of America Corp DE raised its position in shares of Eaton Vance Floating-Rate Income Trust by 19.2% in the 1st quarter. Bank of America Corp DE now owns 839,629 shares of the investment management company’s stock worth $9,009,000 after acquiring an additional 135,373 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 16.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 300,586 shares of the investment management company’s stock valued at $3,246,000 after purchasing an additional 42,408 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 59.4% during the second quarter. Baird Financial Group Inc. now owns 210,222 shares of the investment management company’s stock valued at $2,270,000 after purchasing an additional 78,334 shares in the last quarter. Icon Advisers Inc. Co. boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 13.3% during the first quarter. Icon Advisers Inc. Co. now owns 170,280 shares of the investment management company’s stock valued at $1,827,000 after purchasing an additional 19,943 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Eaton Vance Floating-Rate Income Trust by 483.0% in the third quarter. Kestra Advisory Services LLC now owns 113,778 shares of the investment management company’s stock worth $1,215,000 after purchasing an additional 94,263 shares in the last quarter.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol EFT. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The trust invests primarily in floating-rate loans and other floating-rate debt instruments, including senior secured loans issued by companies. These investments generally have interest rates that adjust periodically, which can help reduce sensitivity to changes in prevailing interest rates compared with fixed-rate bonds.