Eaton Vance Senior Floating-Rate Trust (EFR) to Issue Monthly Dividend of $0.07 on March 31st

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) declared a monthly dividend on Monday, March 2nd. Shareholders of record on Monday, March 16th will be paid a dividend of 0.07 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Monday, March 16th.

Eaton Vance Senior Floating-Rate Trust Price Performance

EFR traded down $0.04 during trading on Friday, reaching $10.47. The stock had a trading volume of 251,576 shares, compared to its average volume of 128,393. The stock’s 50 day moving average is $10.99 and its two-hundred day moving average is $11.20. Eaton Vance Senior Floating-Rate Trust has a one year low of $10.31 and a one year high of $12.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oregon Pacific Wealth Management LLC boosted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 3.5% during the 3rd quarter. Oregon Pacific Wealth Management LLC now owns 28,814 shares of the company’s stock valued at $330,000 after acquiring an additional 973 shares during the last quarter. Ethos Financial Group LLC raised its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 0.4% during the third quarter. Ethos Financial Group LLC now owns 246,196 shares of the company’s stock valued at $2,816,000 after purchasing an additional 1,059 shares during the last quarter. Fortitude Advisory Group L.L.C. lifted its position in Eaton Vance Senior Floating-Rate Trust by 6.8% during the third quarter. Fortitude Advisory Group L.L.C. now owns 19,879 shares of the company’s stock valued at $227,000 after purchasing an additional 1,266 shares during the period. Prospera Financial Services Inc lifted its position in Eaton Vance Senior Floating-Rate Trust by 7.3% during the second quarter. Prospera Financial Services Inc now owns 18,739 shares of the company’s stock valued at $227,000 after purchasing an additional 1,272 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Eaton Vance Senior Floating-Rate Trust by 8.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 38,343 shares of the company’s stock worth $427,000 after purchasing an additional 3,141 shares during the last quarter.

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.