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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Monday, March 16th will be paid a dividend of 0.073 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Monday, March 16th.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of NYSE EFT traded up $0.05 during midday trading on Wednesday, hitting $10.83. 16,145 shares of the stock traded hands, compared to its average volume of 113,503. Eaton Vance Floating-Rate Income Trust has a one year low of $10.44 and a one year high of $13.11. The firm has a 50-day moving average of $11.33 and a two-hundred day moving average of $11.54.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Gould Capital LLC boosted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 93.7% in the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock worth $32,000 after buying an additional 1,360 shares during the last quarter. Bard Associates Inc. bought a new position in Eaton Vance Floating-Rate Income Trust in the fourth quarter worth approximately $56,000. MeadowBrook Investment Advisors LLC boosted its stake in shares of Eaton Vance Floating-Rate Income Trust by 33.0% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,435 shares of the investment management company’s stock worth $64,000 after acquiring an additional 1,350 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 3rd quarter valued at $69,000. Finally, Comerica Bank increased its stake in shares of Eaton Vance Floating-Rate Income Trust by 12.4% in the 3rd quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock worth $94,000 after purchasing an additional 883 shares in the last quarter.

About Eaton Vance Floating-Rate Income Trust

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.