Eaton Vance Floating-Rate Income Trust (NYSE:EFT) Plans $0.10 Monthly Dividend

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Monday, December 23rd,Wall Street Journal reports. Shareholders of record on Monday, December 30th will be paid a dividend of 0.103 per share by the investment management company on Wednesday, January 15th. This represents a $1.24 annualized dividend and a yield of 9.28%. The ex-dividend date is Monday, December 30th.

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

Eaton Vance Floating-Rate Income Trust Price Performance

EFT traded down $0.03 on Monday, hitting $13.32. 77,735 shares of the company were exchanged, compared to its average volume of 87,722. The firm has a fifty day simple moving average of $13.26 and a two-hundred day simple moving average of $13.23. Eaton Vance Floating-Rate Income Trust has a 12 month low of $12.48 and a 12 month high of $13.88.

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.