Eaton Vance Floating-Rate Income Trust (EFT) to Issue Monthly Dividend of $0.12 on September 29th

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) declared a monthly dividend on Friday, September 1st, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.116 per share by the investment management company on Friday, September 29th. This represents a $1.39 dividend on an annualized basis and a yield of 11.26%. The ex-dividend date of this dividend is Thursday, September 21st.

Eaton Vance Floating-Rate Income Trust Trading Down 0.6 %

Shares of Eaton Vance Floating-Rate Income Trust stock opened at $12.36 on Tuesday. Eaton Vance Floating-Rate Income Trust has a twelve month low of $10.89 and a twelve month high of $12.51. The business’s fifty day moving average price is $12.08 and its 200 day moving average price is $11.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust in the 1st quarter valued at $27,000. US Bancorp DE acquired a new position in shares of Eaton Vance Floating-Rate Income Trust during the second quarter worth about $38,000. Advisory Services Network LLC boosted its position in shares of Eaton Vance Floating-Rate Income Trust by 123.3% in the first quarter. Advisory Services Network LLC now owns 6,040 shares of the investment management company’s stock worth $70,000 after buying an additional 3,335 shares during the period. Virtu Financial LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust in the first quarter valued at about $145,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Eaton Vance Floating-Rate Income Trust during the 1st quarter valued at about $185,000.

Eaton Vance Floating-Rate Income Trust Company Profile

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.