Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) to Issue Monthly Dividend of $0.07

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.069 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Wednesday, July 15th. This is a 4.5% increase from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of NYSE:EFR traded up $0.03 during mid-day trading on Thursday, reaching $10.59. The stock had a trading volume of 5,375 shares, compared to its average volume of 136,253. The firm has a 50 day simple moving average of $10.51 and a two-hundred day simple moving average of $10.73. Eaton Vance Senior Floating-Rate Trust has a twelve month low of $10.11 and a twelve month high of $12.21.

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.