Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Plans $0.07 Monthly Dividend

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Wednesday, April 1st. Investors of record on Wednesday, April 15th will be paid a dividend of 0.069 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Wednesday, April 15th.

Eaton Vance Floating-Rate Income Trust Trading Up 0.0%

Shares of NYSE:EFT opened at $10.73 on Monday. The business’s fifty day moving average price is $10.92 and its two-hundred day moving average price is $11.28. Eaton Vance Floating-Rate Income Trust has a fifty-two week low of $10.34 and a fifty-two week high of $12.67.

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

Hedge funds have recently made changes to their positions in the company. Gould Capital LLC boosted its position in Eaton Vance Floating-Rate Income Trust by 93.7% in the fourth quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,360 shares in the last quarter. Bard Associates Inc. acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the fourth quarter worth approximately $56,000. MeadowBrook Investment Advisors LLC raised its stake in shares of Eaton Vance Floating-Rate Income Trust by 33.0% in the third quarter. MeadowBrook Investment Advisors LLC now owns 5,435 shares of the investment management company’s stock valued at $64,000 after acquiring an additional 1,350 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Eaton Vance Floating-Rate Income Trust in the third quarter valued at approximately $69,000. Finally, Comerica Bank boosted its holdings in shares of Eaton Vance Floating-Rate Income Trust by 12.4% in the 3rd quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock worth $94,000 after acquiring an additional 883 shares in the last quarter.

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.