Eaton Vance Senior Floating-Rate Trust (EFR) to Issue Monthly Dividend of $0.08 on January 30th

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of 0.077 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, January 15th.

Eaton Vance Senior Floating-Rate Trust Stock Up 0.6%

EFR opened at $11.30 on Tuesday. The stock has a 50-day moving average price of $11.14 and a 200-day moving average price of $11.49. Eaton Vance Senior Floating-Rate Trust has a 1 year low of $10.40 and a 1 year high of $13.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. boosted its position in Eaton Vance Senior Floating-Rate Trust by 2.2% in the third quarter. Polar Asset Management Partners Inc. now owns 433,075 shares of the company’s stock worth $4,954,000 after purchasing an additional 9,421 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Eaton Vance Senior Floating-Rate Trust in the 3rd quarter worth approximately $150,000. Verity Asset Management Inc. boosted its holdings in shares of Eaton Vance Senior Floating-Rate Trust by 2.7% in the third quarter. Verity Asset Management Inc. now owns 128,561 shares of the company’s stock worth $1,471,000 after buying an additional 3,331 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Eaton Vance Senior Floating-Rate Trust by 2.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 185,955 shares of the company’s stock valued at $2,127,000 after buying an additional 4,786 shares during the period. Finally, 1607 Capital Partners LLC bought a new stake in Eaton Vance Senior Floating-Rate Trust during the third quarter valued at approximately $3,799,000.

About Eaton Vance Senior Floating-Rate Trust

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end management investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The trust achieves its objectives by investing predominately in senior floating-rate loans—also known as bank loans—issued by corporate borrowers. These floating-rate instruments typically carry interest rates that reset periodically, offering investors a degree of protection against rising rate environments.

The portfolio is managed by the fixed-income team at Eaton Vance Management, a subsidiary of Morgan Stanley, which employs fundamental credit research and active trading strategies to identify and manage risk.