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 Monday, November 2nd. Investors of record on Monday, November 16th will be paid a dividend of $0.0710 per share by the investment management company on Monday, November 30th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend 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 EFT stock opened at $10.57 on Tuesday. Eaton Vance Floating-Rate Income Trust has a 1-year low of $10.31 and a 1-year high of $11.67. The firm has a fifty day moving average of $10.58 and a two-hundred day moving average of $10.81.

Eaton Vance Floating-Rate Income Trust Company Profile

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.