Eaton Vance Floating-Rate Income Trust Declares Monthly Dividend of $0.07 (NYSE:EFT)

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.066 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Wednesday, July 15th.

Eaton Vance Floating-Rate Income Trust Stock Performance

Eaton Vance Floating-Rate Income Trust stock traded up $0.02 during mid-day trading on Thursday, hitting $10.80. 6,680 shares of the company were exchanged, compared to its average volume of 113,236. The business has a fifty day moving average of $10.82 and a 200 day moving average of $11.00. Eaton Vance Floating-Rate Income Trust has a 1-year low of $10.34 and a 1-year high of $12.67.

About Eaton Vance Floating-Rate Income Trust

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.