Eaton Vance Floating-Rate Income Trust (NYSE:EFT) to Issue $0.07 Monthly Dividend

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.067 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th.

Eaton Vance Floating-Rate Income Trust Trading Down 0.3%

Shares of EFT stock opened at $10.84 on Tuesday. Eaton Vance Floating-Rate Income Trust has a 12 month low of $10.34 and a 12 month high of $12.67. The firm has a fifty day moving average price of $10.81 and a 200 day moving average price of $11.10.

Hedge Funds Weigh In On Eaton Vance Floating-Rate Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. raised its holdings in Eaton Vance Floating-Rate Income Trust by 22.7% during the second quarter. Invesco Ltd. now owns 503,658 shares of the investment management company’s stock worth $6,286,000 after purchasing an additional 93,272 shares in the last quarter. NewEdge Advisors LLC raised its stake in Eaton Vance Floating-Rate Income Trust by 6,028.1% during the 2nd quarter. NewEdge Advisors LLC now owns 122,562 shares of the investment management company’s stock worth $1,530,000 after acquiring an additional 120,562 shares in the last quarter. Raymond James Financial Inc. lifted its position in Eaton Vance Floating-Rate Income Trust by 8.3% in the second quarter. Raymond James Financial Inc. now owns 830,163 shares of the investment management company’s stock valued at $10,360,000 after acquiring an additional 63,716 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Eaton Vance Floating-Rate Income Trust during the second quarter worth about $218,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Eaton Vance Floating-Rate Income Trust by 29.0% during the second quarter. Ameriprise Financial Inc. now owns 44,684 shares of the investment management company’s stock worth $558,000 after purchasing an additional 10,032 shares during the last quarter.

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.