Eaton Vance Floating-Rate Income Trust (EFT) to Issue Monthly Dividend of $0.09 on January 15th

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Friday, December 19th. Stockholders of record on Tuesday, December 30th will be given a dividend of 0.086 per share by the investment management company on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Tuesday, December 30th. This is a 7.5% increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.08.

Eaton Vance Floating-Rate Income Trust Trading Up 0.4%

Shares of Eaton Vance Floating-Rate Income Trust stock opened at $11.38 on Friday. Eaton Vance Floating-Rate Income Trust has a 1 year low of $10.44 and a 1 year high of $13.61. The firm’s 50-day moving average is $11.40 and its 200 day moving average is $11.88.

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.