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

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 given a dividend of 0.071 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date 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 Price Performance

Eaton Vance Floating-Rate Income Trust stock opened at $10.65 on Wednesday. Eaton Vance Floating-Rate Income Trust has a 1-year low of $10.34 and a 1-year high of $12.14. The business has a fifty day moving average price of $10.73 and a 200-day moving average price of $10.80.

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.