Eaton Vance Floating-Rate Income Trust (EFT) To Go Ex-Dividend on March 16th

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Monday, March 16th will be paid a dividend of 0.073 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Monday, March 16th.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of Eaton Vance Floating-Rate Income Trust stock traded up $0.05 during trading on Wednesday, hitting $10.83. 40,269 shares of the company’s stock traded hands, compared to its average volume of 113,909. Eaton Vance Floating-Rate Income Trust has a twelve month low of $10.44 and a twelve month high of $13.11. The firm’s fifty day moving average price is $11.33 and its 200 day moving average price is $11.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Gould Capital LLC lifted its position in shares of Eaton Vance Floating-Rate Income Trust by 93.7% during the 4th quarter. Gould Capital LLC now owns 2,812 shares of the investment management company’s stock worth $32,000 after buying an additional 1,360 shares during the last quarter. Bard Associates Inc. bought a new stake in Eaton Vance Floating-Rate Income Trust during the 4th quarter worth $56,000. MeadowBrook Investment Advisors LLC increased its holdings in Eaton Vance Floating-Rate Income Trust by 33.0% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 5,435 shares of the investment management company’s stock worth $64,000 after purchasing an additional 1,350 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Eaton Vance Floating-Rate Income Trust during the third quarter valued at about $69,000. Finally, Comerica Bank increased its stake in shares of Eaton Vance Floating-Rate Income Trust by 12.4% in the third quarter. Comerica Bank now owns 7,990 shares of the investment management company’s stock valued at $94,000 after buying an additional 883 shares during the period.

About Eaton Vance Floating-Rate Income Trust

Eaton Vance Floating-Rate Income Trust (NYSE: EFT) is a diversified, closed-end management investment company that seeks to provide current income with capital preservation. Originally launched in June 1988, the trust is listed on the New York Stock Exchange and offers investors access to a portfolio of floating-rate debt instruments. As a closed-end vehicle, it issues a fixed number of shares and may employ leverage to enhance income potential.

The trust’s primary investment strategy centers on senior secured floating-rate loans, often referred to as bank loans, issued by U.S.