Eaton Vance Floating-Rate Income Trust (EFT) Plans Dividend Increase – $0.08 Per Share

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) declared a monthly dividend on Tuesday, April 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.076 per share by the investment management company on Tuesday, April 30th. This represents a $0.91 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.

Eaton Vance Floating-Rate Income Trust has decreased its dividend payment by an average of 0.2% per year over the last three years.

Shares of EFT stock opened at $13.57 on Wednesday. Eaton Vance Floating-Rate Income Trust has a 52-week low of $12.29 and a 52-week high of $15.26.

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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.

Further Reading: How much can an individual set aside as a catch-up contribution?

Dividend History for Eaton Vance Floating-Rate Income Trust (NYSE:EFT)

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