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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) declared a monthly dividend on Wednesday, July 1st. Stockholders 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 dividend yield of 7.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

Eaton Vance Floating-Rate Income Trust Trading Up 0.2%

Shares of Eaton Vance Floating-Rate Income Trust stock traded up $0.02 during trading on Thursday, reaching $10.80. The company’s stock had a trading volume of 6,680 shares, compared to its average volume of 113,236. Eaton Vance Floating-Rate Income Trust has a 52 week low of $10.34 and a 52 week high of $12.67. The business’s 50-day moving average price is $10.82 and its 200-day moving average price is $11.00.

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.