Eaton Vance Floating-Rate Income Trust (EFT) to Distribute Monthly Dividend of $0.07 on September 30th

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.071 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 4.4% increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.

Eaton Vance Floating-Rate Income Trust Trading Up 0.3%

Eaton Vance Floating-Rate Income Trust stock opened at $10.60 on Friday. The stock has a 50-day simple moving average of $10.72 and a 200 day simple moving average of $10.77. Eaton Vance Floating-Rate Income Trust has a 52 week low of $10.34 and a 52 week high of $12.06.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 19.2% during the first quarter. Bank of America Corp DE now owns 839,629 shares of the investment management company’s stock worth $9,009,000 after acquiring an additional 135,373 shares during the period. 1607 Capital Partners LLC lifted its holdings in Eaton Vance Floating-Rate Income Trust by 994.3% during the 4th quarter. 1607 Capital Partners LLC now owns 799,921 shares of the investment management company’s stock worth $9,031,000 after purchasing an additional 726,821 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Eaton Vance Floating-Rate Income Trust by 16.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 300,586 shares of the investment management company’s stock valued at $3,246,000 after purchasing an additional 42,408 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in Eaton Vance Floating-Rate Income Trust by 12.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 21,520 shares of the investment management company’s stock valued at $232,000 after buying an additional 2,342 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in Eaton Vance Floating-Rate Income Trust by 100.0% during the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock worth $28,000 after buying an additional 1,300 shares during the period.

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.