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

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Monday, November 16th will be paid a dividend of $0.0690 per share on Monday, November 30th. This represents a $0.83 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, November 16th. This is a 3.0% increase from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.0670.

Eaton Vance Senior Floating-Rate Trust Stock Down 0.2%

Shares of EFR stock opened at $10.19 on Tuesday. The business has a 50-day moving average price of $10.32 and a two-hundred day moving average price of $10.56. Eaton Vance Senior Floating-Rate Trust has a 12-month low of $9.94 and a 12-month high of $11.44.

Hedge Funds Weigh In On Eaton Vance Senior Floating-Rate Trust

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in Eaton Vance Senior Floating-Rate Trust in the second quarter worth approximately $55,000. Sanctuary Advisors LLC bought a new position in Eaton Vance Senior Floating-Rate Trust during the first quarter valued at approximately $112,000. Fifth Third Bancorp bought a new position in Eaton Vance Senior Floating-Rate Trust during the first quarter valued at approximately $125,000. Independent Financial Group LLC purchased a new position in shares of Eaton Vance Senior Floating-Rate Trust during the first quarter worth approximately $142,000. Finally, NewEdge Advisors LLC raised its stake in shares of Eaton Vance Senior Floating-Rate Trust by 15.2% during the first quarter. NewEdge Advisors LLC now owns 15,117 shares of the company’s stock worth $159,000 after acquiring an additional 1,991 shares in the last quarter.

Eaton Vance Senior Floating-Rate Trust Company Profile

Eaton Vance Senior Floating-Rate Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol EFR. The trust seeks to provide a high level of current income while preserving capital as a secondary objective.

The fund invests primarily in senior, secured, floating-rate loans and other floating-rate debt obligations issued by companies. These loans are generally below investment grade or unrated and are designed to provide income that can adjust periodically as interest rates change.