Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Declares Monthly Dividend of $0.09

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.094 per share by the investment management company on Monday, March 31st. This represents a $1.13 annualized dividend and a dividend yield of 8.63%. The ex-dividend date is Friday, March 14th.

Eaton Vance Floating-Rate Income Trust has increased its dividend by an average of 15.9% per year over the last three years.

Eaton Vance Floating-Rate Income Trust Price Performance

Shares of NYSE EFT traded down $0.11 during midday trading on Tuesday, hitting $13.07. 70,091 shares of the company’s stock traded hands, compared to its average volume of 86,960. Eaton Vance Floating-Rate Income Trust has a 1 year low of $12.62 and a 1 year high of $13.88. The firm has a fifty day moving average of $13.24 and a 200 day moving average of $13.18.

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.