Eaton Vance Senior Floating-Rate Trust (EFR) To Go Ex-Dividend on August 14th

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.07 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, August 14th. This is a 1.4% increase from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07.

Eaton Vance Senior Floating-Rate Trust Stock Performance

EFR stock opened at $10.78 on Wednesday. The company’s 50-day simple moving average is $10.58 and its 200 day simple moving average is $10.62. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $10.11 and a 52 week high of $11.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EFR. Integrated Capital Management Inc. bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the second quarter worth approximately $242,000. NewEdge Advisors LLC boosted its stake in shares of Eaton Vance Senior Floating-Rate Trust by 15.2% in the first quarter. NewEdge Advisors LLC now owns 15,117 shares of the company’s stock valued at $159,000 after buying an additional 1,991 shares during the period. Bank of America Corp DE grew its position in Eaton Vance Senior Floating-Rate Trust by 8.6% during the first quarter. Bank of America Corp DE now owns 481,794 shares of the company’s stock worth $5,078,000 after buying an additional 38,244 shares in the last quarter. Saba Capital Management L.P. acquired a new stake in Eaton Vance Senior Floating-Rate Trust during the first quarter worth approximately $2,759,000. Finally, Icon Advisers Inc. Co. increased its stake in Eaton Vance Senior Floating-Rate Trust by 117.7% during the 1st quarter. Icon Advisers Inc. Co. now owns 108,870 shares of the company’s stock worth $1,147,000 after acquiring an additional 58,870 shares during the period.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.

The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.