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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.069 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Eaton Vance Senior Floating-Rate Trust Price Performance

Shares of NYSE EFR opened at $10.51 on Wednesday. The stock has a fifty day simple moving average of $10.61 and a two-hundred day simple moving average of $10.56. Eaton Vance Senior Floating-Rate Trust has a 1-year low of $10.11 and a 1-year high of $11.75.

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.