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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) announced a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.066 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, June 15th.

Eaton Vance Senior Floating-Rate Trust Trading Down 0.3%

NYSE:EFR opened at $10.48 on Tuesday. The business’s 50-day moving average is $10.47 and its 200 day moving average is $10.82. Eaton Vance Senior Floating-Rate Trust has a 12 month low of $10.11 and a 12 month high of $12.21.

Eaton Vance Senior Floating-Rate Trust Company Profile

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.