Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) to Issue Monthly Dividend of $0.29

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) announced a monthly dividend on Thursday, January 29th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.2892 per share on Thursday, February 5th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, January 30th. This is a 1.0% increase from Eaton Vance Floating Rate ETF’s previous monthly dividend of $0.29.

Eaton Vance Floating Rate ETF Price Performance

NYSEARCA:EVLN traded down $0.40 during mid-day trading on Friday, hitting $49.06. 57,117 shares of the stock traded hands, compared to its average volume of 89,216. The business’s 50-day moving average price is $49.59 and its 200 day moving average price is $49.75. Eaton Vance Floating Rate ETF has a 12-month low of $48.21 and a 12-month high of $50.58.

About Eaton Vance Floating Rate ETF

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.