Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Plans $0.08 Monthly Dividend

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) announced a monthly dividend on Monday, January 5th. Investors of record on Thursday, January 15th will be given a dividend of 0.077 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Thursday, January 15th.

Eaton Vance Senior Floating-Rate Trust Price Performance

NYSE:EFR opened at $11.14 on Tuesday. Eaton Vance Senior Floating-Rate Trust has a twelve month low of $10.40 and a twelve month high of $13.38. The company’s 50 day moving average is $11.16 and its two-hundred day moving average is $11.51.

Institutional Trading of Eaton Vance Senior Floating-Rate Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in Eaton Vance Senior Floating-Rate Trust by 5.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 526,438 shares of the company’s stock worth $6,380,000 after buying an additional 28,768 shares during the period. Gridiron Partners LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust during the 3rd quarter valued at approximately $33,000. CWM LLC boosted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 81,184.5% in the 3rd quarter. CWM LLC now owns 125,991 shares of the company’s stock valued at $1,441,000 after acquiring an additional 125,836 shares during the last quarter. AEGON USA Investment Management LLC acquired a new stake in shares of Eaton Vance Senior Floating-Rate Trust in the second quarter worth $179,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the second quarter worth $248,000.

About Eaton Vance Senior Floating-Rate Trust

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.