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

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Tuesday, April 23rd will be given 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 yield of 10.61%. The ex-dividend date is Monday, April 22nd.

Eaton Vance Floating-Rate Income Trust has increased its dividend by an average of 20.4% annually over the last three years.

Eaton Vance Floating-Rate Income Trust Stock Down 0.4 %

EFT opened at $13.35 on Friday. The company has a 50 day moving average of $13.26 and a 200 day moving average of $12.73. Eaton Vance Floating-Rate Income Trust has a 12 month low of $11.10 and a 12 month high of $13.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Susquehanna International Group LLP bought a new position in Eaton Vance Floating-Rate Income Trust in the 4th quarter valued at $297,000. Waverly Advisors LLC boosted its holdings in Eaton Vance Floating-Rate Income Trust by 19.0% in the 2nd quarter. Waverly Advisors LLC now owns 25,070 shares of the investment management company’s stock valued at $293,000 after purchasing an additional 4,000 shares during the period. JPMorgan Chase & Co. bought a new position in Eaton Vance Floating-Rate Income Trust in the 1st quarter valued at $218,000. CSS LLC IL bought a new position in Eaton Vance Floating-Rate Income Trust in the 4th quarter valued at $214,000. Finally, Bank of New York Mellon Corp bought a new position in Eaton Vance Floating-Rate Income Trust in the 1st quarter valued at $213,000.

About Eaton Vance Floating-Rate Income Trust

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.