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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.066 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Wednesday, July 15th.

Eaton Vance Floating-Rate Income Trust Price Performance

EFT traded up $0.01 during trading on Thursday, reaching $10.79. 12,678 shares of the company’s stock were exchanged, compared to its average volume of 113,236. The company’s fifty day moving average price is $10.82 and its 200-day moving average price is $11.00. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $10.34 and a fifty-two week high of $12.67.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gould Capital LLC raised its position in shares of Eaton Vance Floating-Rate Income Trust by 93.7% in the 4th quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,360 shares during the period. Bard Associates Inc. bought a new position in Eaton Vance Floating-Rate Income Trust during the fourth quarter worth about $56,000. Advisory Services Network LLC bought a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at approximately $69,000. Comerica Bank boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 12.4% during the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock worth $94,000 after buying an additional 883 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the 1st quarter valued at about $124,000.

About Eaton Vance Floating-Rate Income Trust

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.