Eaton Vance Floating-Rate Income Trust Announces Reduced Monthly Dividend
Eaton Vance Floating-Rate Income Trust (NYSE: EFT) has announced a monthly dividend of $0.07 per share, representing a -1.4% decrease from the previous payout level. The new dividend will be payable on October 30 to shareholders of record as of October 15, with an ex-dividend date also set for October 15. The forward yield based on this reduced dividend is now at 7.82%. This marks a rare decline in the fund's payout and may signal potential challenges related to its income generation or broader market conditions affecting floating-rate instruments. Investors are advised to monitor how this adjustment impacts investor sentiment toward EFT, particularly given recent discussions around interest rate hikes. The move comes amid ongoing uncertainty about fixed-income markets as central banks continue their tightening cycles.
Tickers: $EFT
Topics: dividends income funds