Eaton Vance FloatingRate Incme Plus Fund (NYSE:EFF) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Tuesday, December 24th will be paid a dividend of 0.085 per share on Tuesday, December 31st. This represents a $1.02 annualized dividend and a yield of 6.53%. The ex-dividend date is Monday, December 23rd.
EFF traded up $0.02 during midday trading on Wednesday, hitting $15.61. The stock had a trading volume of 28,958 shares, compared to its average volume of 31,798. The business has a fifty day moving average of $15.58 and a 200 day moving average of $15.24. Eaton Vance FloatingRate Incme Plus Fund has a 1 year low of $13.89 and a 1 year high of $15.75.
In related news, major shareholder Boaz Weinstein acquired 114,614 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average price of $15.66 per share, with a total value of $1,794,855.24. Also, major shareholder Saba Capital Management, L.P. acquired 39,943 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were bought at an average cost of $15.42 per share, with a total value of $615,921.06. In the last ninety days, insiders acquired 340,253 shares of company stock valued at $5,311,328.
Eaton Vance Floating-Rate Income Plus Fund is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in fixed income markets across the globe. The fund primarily invests in senior, secured floating-rate loans of domestic and foreign borrowers that are denominated in U.S.
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