Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Increases Dividend to $0.07 Per Share

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.068 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Friday, August 14th. This is a 3.0% increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of EFT opened at $10.68 on Tuesday. Eaton Vance Floating-Rate Income Trust has a twelve month low of $10.34 and a twelve month high of $12.30. The company has a 50 day moving average of $10.74 and a two-hundred day moving average of $10.90.

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.