Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Increases Dividend to $0.07 Per Share

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.071 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 4.4% increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of EFT opened at $10.64 on Wednesday. Eaton Vance Floating-Rate Income Trust has a 12-month low of $10.34 and a 12-month high of $12.14. The company’s 50 day simple moving average is $10.73 and its 200-day simple moving average is $10.80.

Eaton Vance Floating-Rate Income Trust Company Profile

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.