Eaton Vance Floating-Rate Income Trust Increases Monthly Dividend by 4.4%
Eaton Vance Floating-Rate Income Trust (NYSE: EFT) has raised its monthly dividend to $0.071 per share, representing a 4.4% increase from the previous payout of $0.068. The new dividend will be payable on September 30 for shareholders of record as of September 15, with an ex-dividend date also set for September 15. The forward yield based on this increased payment is now approximately 7.98%. This adjustment reflects the fund's strategy to provide income in a rising interest rate environment and may appeal to investors seeking higher yields from fixed-income investments.
Tickers: $EFT
Topics: dividends fixed income