Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Increases Dividend to $0.07 Per Share

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.068 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Friday, August 14th. This is a 3.0% increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.

Eaton Vance Floating-Rate Income Trust Price Performance

Eaton Vance Floating-Rate Income Trust stock opened at $10.68 on Tuesday. The business’s fifty day moving average is $10.74 and its two-hundred day moving average is $10.90. Eaton Vance Floating-Rate Income Trust has a 52 week low of $10.34 and a 52 week high of $12.30.

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.