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

Posted by Jim Brewer on Apr 21st, 2024

Eaton Vance Floating-Rate Income Trust (NYSE:EFT – Get Free Report) declared 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 annualized dividend 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 raised its dividend by an average of 20.4% annually over the last three years.

Eaton Vance Floating-Rate Income Trust Stock Down 0.4 %

NYSE:EFT opened at $13.35 on Friday. Eaton Vance Floating-Rate Income Trust has a 1-year low of $11.10 and a 1-year high of $13.50. The company has a 50-day moving average of $13.26 and a 200 day moving average of $12.73.

Institutional Investors Weigh In On Eaton Vance Floating-Rate Income Trust

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new position in Eaton Vance Floating-Rate Income Trust during the first quarter valued at approximately $213,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Eaton Vance Floating-Rate Income Trust by 25.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 68,305 shares of the investment management company’s stock valued at $903,000 after acquiring an additional 13,858 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the 1st quarter valued at $378,000. Goldman Sachs Group Inc. purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 1st quarter worth $413,000. Finally, Guggenheim Capital LLC lifted its stake in shares of Eaton Vance Floating-Rate Income Trust by 22.2% during the 1st quarter. Guggenheim Capital LLC now owns 516,263 shares of the investment management company’s stock worth $6,825,000 after purchasing an additional 93,841 shares during the last quarter.

Eaton Vance Floating-Rate Income Trust Company Profile

(Get Free Report)

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.