Eaton Vance Senior Income Trust (NYSE:EVF) to Issue Dividend Increase – $0.03 Per Share

Eaton Vance Senior Income Trust (NYSE:EVF) announced a monthly dividend on Wednesday, July 1st. Investors of record on Tuesday, July 14th will be paid a dividend of 0.032 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Tuesday, July 14th. This is a 3.2% increase from Eaton Vance Senior Income Trust’s previous monthly dividend of $0.03.

Eaton Vance Senior Income Trust Stock Performance

Shares of NYSE:EVF opened at $4.99 on Thursday. Eaton Vance Senior Income Trust has a twelve month low of $4.84 and a twelve month high of $5.75. The company’s 50 day moving average is $4.98 and its 200 day moving average is $5.10.

Institutional Investors Weigh In On Eaton Vance Senior Income Trust

Several hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its stake in shares of Eaton Vance Senior Income Trust by 12.0% during the 2nd quarter. Cetera Investment Advisers now owns 28,031 shares of the company’s stock valued at $159,000 after buying an additional 3,000 shares during the last quarter. Invesco Ltd. grew its holdings in Eaton Vance Senior Income Trust by 12.2% during the second quarter. Invesco Ltd. now owns 261,033 shares of the company’s stock worth $1,485,000 after acquiring an additional 28,353 shares during the period. Ameriprise Financial Inc. raised its position in Eaton Vance Senior Income Trust by 9.2% during the second quarter. Ameriprise Financial Inc. now owns 193,039 shares of the company’s stock valued at $1,098,000 after acquiring an additional 16,215 shares in the last quarter. WFA of San Diego LLC purchased a new position in Eaton Vance Senior Income Trust during the second quarter valued at approximately $33,000. Finally, 1607 Capital Partners LLC acquired a new position in Eaton Vance Senior Income Trust in the third quarter valued at approximately $1,371,000.

About Eaton Vance Senior Income Trust

Eaton Vance Senior Income Trust (NYSE: EVF) is a closed-end management investment company that seeks high current income while preserving capital. Externally managed by Eaton Vance Management, a subsidiary of Morgan Stanley Investment Management following its 2021 acquisition, the trust offers investors exposure to a diversified portfolio of floating-rate senior secured loans and other corporate debt instruments.

The trust’s investment strategy is centered on senior secured bank loans, which typically carry floating interest rates and enjoy priority over other debt in a borrower’s capital structure.