Eaton Vance Floating-Rate Income Trust Declares Monthly Dividend of $0.12 (NYSE:EFT)

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.118 per share by the investment management company on Tuesday, April 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date of this dividend is Monday, April 22nd.

Eaton Vance Floating-Rate Income Trust has increased its dividend payment by an average of 20.4% per year over the last three years.

Eaton Vance Floating-Rate Income Trust Stock Performance

EFT opened at $13.35 on Friday. Eaton Vance Floating-Rate Income Trust has a twelve month low of $11.10 and a twelve month high of $13.50. The firm’s 50-day moving average price is $13.26 and its 200 day moving average price is $12.73.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EFT. Royal Bank of Canada increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 1.1% in the third quarter. Royal Bank of Canada now owns 221,979 shares of the investment management company’s stock valued at $2,733,000 after purchasing an additional 2,341 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the 1st quarter worth $27,000. Wells Fargo & Company MN raised its holdings in shares of Eaton Vance Floating-Rate Income Trust by 7.6% during the 4th quarter. Wells Fargo & Company MN now owns 40,905 shares of the investment management company’s stock worth $454,000 after acquiring an additional 2,891 shares during the period. US Bancorp DE purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the 2nd quarter worth $38,000. Finally, Advisory Services Network LLC boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 123.3% during the 1st quarter. Advisory Services Network LLC now owns 6,040 shares of the investment management company’s stock valued at $70,000 after acquiring an additional 3,335 shares during the last quarter.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.