Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Plans $0.12 Monthly Dividend

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be paid a dividend of 0.118 per share by the investment management company on Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.56%. The ex-dividend date is Thursday, May 23rd.

Eaton Vance Floating-Rate Income Trust has raised its dividend by an average of 20.4% per year over the last three years.

Eaton Vance Floating-Rate Income Trust Stock Performance

Shares of NYSE EFT traded down $0.07 during trading hours on Thursday, reaching $13.41. The stock had a trading volume of 94,168 shares, compared to its average volume of 97,171. Eaton Vance Floating-Rate Income Trust has a twelve month low of $11.10 and a twelve month high of $13.54. The business’s fifty day moving average is $13.26 and its two-hundred day moving average is $12.80.

About Eaton Vance Floating-Rate Income Trust

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.