Eaton Vance Senior Floating-Rate Trust (EFR) to Distribute Monthly Dividend of $0.07 on October 30th

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0670 per share on Friday, October 30th. This represents a $0.80 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Thursday, October 15th. This is a 2.9% decrease from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.0690.

Eaton Vance Senior Floating-Rate Trust Price Performance

EFR stock opened at $10.36 on Friday. The stock’s fifty day simple moving average is $10.52 and its two-hundred day simple moving average is $10.51. Eaton Vance Senior Floating-Rate Trust has a 1-year low of $10.11 and a 1-year high of $11.55.

Hedge Funds Weigh In On Eaton Vance Senior Floating-Rate Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in EFR. Integrated Wealth Concepts LLC purchased a new stake in Eaton Vance Senior Floating-Rate Trust during the second quarter worth about $55,000. Sanctuary Advisors LLC purchased a new position in Eaton Vance Senior Floating-Rate Trust in the first quarter valued at about $112,000. Fifth Third Bancorp bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 1st quarter valued at approximately $125,000. Independent Financial Group LLC bought a new position in shares of Eaton Vance Senior Floating-Rate Trust during the 1st quarter valued at approximately $142,000. Finally, NewEdge Advisors LLC increased its stake in shares of Eaton Vance Senior Floating-Rate Trust by 15.2% during the 1st quarter. NewEdge Advisors LLC now owns 15,117 shares of the company’s stock worth $159,000 after purchasing an additional 1,991 shares during the last quarter.

About Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol EFR. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

EFR invests primarily in senior, secured floating-rate loans and other floating-rate debt instruments issued by corporate borrowers. These loans generally pay interest at rates that adjust periodically based on a reference rate, and the portfolio may include below-investment-grade and unrated securities.