Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Plans $0.07 Monthly Dividend

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.067 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, May 15th.

Eaton Vance Senior Floating-Rate Trust Stock Down 0.2%

NYSE EFR traded down $0.02 during midday trading on Wednesday, hitting $10.50. 65,590 shares of the company traded hands, compared to its average volume of 142,270. The company’s 50-day simple moving average is $10.48 and its 200-day simple moving average is $10.91. Eaton Vance Senior Floating-Rate Trust has a 52 week low of $10.11 and a 52 week high of $12.21.

Eaton Vance Senior Floating-Rate Trust Company Profile

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.