Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Plans $0.08 Monthly Dividend

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.077 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Tuesday, February 17th.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.0%

Shares of EFR traded down $0.01 during mid-day trading on Tuesday, reaching $11.18. The company had a trading volume of 30,835 shares, compared to its average volume of 103,932. Eaton Vance Senior Floating-Rate Trust has a 1-year low of $10.40 and a 1-year high of $13.20. The company’s 50 day simple moving average is $11.17 and its 200 day simple moving average is $11.39.

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.