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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Monday, March 16th will be paid a dividend of 0.07 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Monday, March 16th.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.4%

Shares of NYSE EFR opened at $10.47 on Friday. Eaton Vance Senior Floating-Rate Trust has a twelve month low of $10.31 and a twelve month high of $12.51. The stock has a 50 day moving average of $10.99 and a two-hundred day moving average of $11.20.

Eaton Vance Senior Floating-Rate Trust Company Profile

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.