Eaton Vance Senior Floating-Rate Trust (EFR) to Issue Monthly Dividend of $0.07 on July 31st

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.069 per share on Friday, July 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 Wednesday, July 15th. This is a 4.5% increase from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07.

Eaton Vance Senior Floating-Rate Trust Stock Down 0.0%

Shares of EFR opened at $10.62 on Monday. Eaton Vance Senior Floating-Rate Trust has a 52-week low of $10.11 and a 52-week high of $12.17. The stock has a 50 day moving average price of $10.52 and a 200 day moving average price of $10.71.

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.