Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Free Report) declared a monthly dividend on Monday, November 2nd. Investors of record on Monday, November 16th will be paid a dividend of $0.0710 per share by the investment management company on Monday, November 30th. This represents a $0.85 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Monday, November 16th. This is a 1.4% increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.
Eaton Vance Floating-Rate Income Trust Price Performance
NYSE:EFT opened at $10.57 on Tuesday. Eaton Vance Floating-Rate Income Trust has a one year low of $10.31 and a one year high of $11.67. The company’s 50-day simple moving average is $10.58 and its 200 day simple moving average is $10.81.
About Eaton Vance Floating-Rate Income Trust
Eaton Vance Floating-Rate Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol EFT. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.
The trust invests primarily in floating-rate loans and other floating-rate debt instruments, including senior secured loans issued by companies. These investments generally have interest rates that adjust periodically, which can help reduce sensitivity to changes in prevailing interest rates compared with fixed-rate bonds.
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