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

Eaton Vance Floating-Rate Income Trust (NYSE:EFTGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors 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 annualized dividend and a dividend yield of 10.71%. The ex-dividend date 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 Price Performance

Shares of NYSE EFT traded down $0.09 during midday trading on Wednesday, hitting $13.22. 18,717 shares of the company traded hands, compared to its average volume of 100,557. Eaton Vance Floating-Rate Income Trust has a 12-month low of $11.10 and a 12-month high of $13.46. The stock has a 50-day moving average price of $13.23 and a 200 day moving average price of $12.64.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in Eaton Vance Floating-Rate Income Trust during the first quarter worth about $213,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 25.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 68,305 shares of the investment management company’s stock worth $903,000 after buying an additional 13,858 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the first quarter worth approximately $378,000. Goldman Sachs Group Inc. bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the first quarter worth approximately $413,000. Finally, Guggenheim Capital LLC lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 22.2% in the first quarter. Guggenheim Capital LLC now owns 516,263 shares of the investment management company’s stock worth $6,825,000 after buying an additional 93,841 shares in the last quarter.

About Eaton Vance Floating-Rate Income Trust

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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.

Further Reading

Dividend History for Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

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