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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be given a dividend of $0.07 per share by the investment management company on Friday, October 30th. This represents a $0.84 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Thursday, October 15th. This is a 1.4% decrease from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.0710.

Eaton Vance Floating-Rate Income Trust Stock Up 0.7%

EFT stock opened at $10.76 on Friday. The business’s 50-day moving average price is $10.66 and its 200-day moving average price is $10.73. Eaton Vance Floating-Rate Income Trust has a twelve month low of $10.31 and a twelve month high of $11.92.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a closed-end investment fund managed by Eaton Vance Management, an investment management firm and subsidiary of Morgan Stanley. The fund seeks to provide a high level of current income while maintaining a secondary objective of preserving capital.

EFT invests primarily in floating-rate loans and other floating-rate debt instruments. Its portfolio generally emphasizes senior, secured corporate loans, which typically have interest rates that adjust periodically based on changes in a reference interest rate.