Eaton Vance Floating-Rate Income Trust (EFT) To Go Ex-Dividend on May 15th

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.07 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Friday, May 15th. 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 remained flat at $10.99 during mid-day trading on Wednesday. 15,319 shares of the stock traded hands, compared to its average volume of 126,823. Eaton Vance Floating-Rate Income Trust has a 52 week low of $10.34 and a 52 week high of $12.67. The firm’s fifty day simple moving average is $10.77 and its two-hundred day simple moving average is $11.16.

Eaton Vance Floating-Rate Income Trust Company Profile

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.