Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) Declares Dividend Increase – $0.07 Per Share

Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) declared a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.07 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, August 14th. This is a 1.4% increase from Eaton Vance Senior Floating-Rate Trust’s previous monthly dividend of $0.07.

Eaton Vance Senior Floating-Rate Trust Stock Performance

Shares of NYSE:EFR opened at $10.63 on Tuesday. The business has a 50 day moving average price of $10.56 and a 200 day moving average price of $10.64. Eaton Vance Senior Floating-Rate Trust has a twelve month low of $10.11 and a twelve month high of $11.91.

Institutional Investors Weigh In On Eaton Vance Senior Floating-Rate Trust

Several hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new position in Eaton Vance Senior Floating-Rate Trust during the 1st quarter valued at $112,000. Fifth Third Bancorp bought a new stake in Eaton Vance Senior Floating-Rate Trust in the 1st quarter valued at $125,000. Cetera Investment Advisers bought a new stake in Eaton Vance Senior Floating-Rate Trust in the 2nd quarter valued at $130,000. Comerica Bank grew its position in Eaton Vance Senior Floating-Rate Trust by 118.8% in the 3rd quarter. Comerica Bank now owns 12,034 shares of the company’s stock worth $138,000 after purchasing an additional 6,534 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new stake in Eaton Vance Senior Floating-Rate Trust in the 1st quarter worth $142,000.

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.