Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) to Issue Monthly Dividend of $0.07

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.067 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, May 15th.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.2%

EFR traded down $0.03 during midday trading on Wednesday, hitting $10.50. The company had a trading volume of 57,836 shares, compared to its average volume of 142,263. Eaton Vance Senior Floating-Rate Trust has a twelve month low of $10.11 and a twelve month high of $12.21. The firm’s 50-day simple moving average is $10.48 and its 200-day simple moving average is $10.91.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

A number of hedge funds and other institutional investors have recently modified their holdings of EFR. Sanctuary Advisors LLC bought a new position in Eaton Vance Senior Floating-Rate Trust in the 1st quarter worth approximately $112,000. Cetera Investment Advisers acquired a new position in Eaton Vance Senior Floating-Rate Trust during the 2nd quarter worth $130,000. Fifth Third Bancorp bought a new position in Eaton Vance Senior Floating-Rate Trust in the 1st quarter valued at $125,000. Comerica Bank boosted its position in Eaton Vance Senior Floating-Rate Trust by 118.8% in the 3rd quarter. Comerica Bank now owns 12,034 shares of the company’s stock valued at $138,000 after buying an additional 6,534 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter valued at $150,000.

About Eaton Vance Senior Floating-Rate Trust

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.