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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.068 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Friday, August 14th. This is a 3.0% increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.

Eaton Vance Floating-Rate Income Trust Stock Performance

NYSE:EFT opened at $10.68 on Tuesday. The firm has a 50-day simple moving average of $10.74 and a 200-day simple moving average of $10.90. Eaton Vance Floating-Rate Income Trust has a one year low of $10.34 and a one year high of $12.30.

Institutional Trading of Eaton Vance Floating-Rate Income Trust

A number of hedge funds have recently bought and sold shares of EFT. CoreCap Advisors LLC increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 100.0% in the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 1,300 shares during the period. Gould Capital LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 93.7% during the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,360 shares in the last quarter. Bard Associates Inc. bought a new stake in Eaton Vance Floating-Rate Income Trust during the fourth quarter valued at about $56,000. Advisory Services Network LLC purchased a new position in Eaton Vance Floating-Rate Income Trust in the third quarter valued at about $69,000. Finally, Comerica Bank grew its stake in Eaton Vance Floating-Rate Income Trust by 12.4% in the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 883 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Company Profile

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.