Dividend Flows: Oct 31, 2016 will mean $0.08 dividends for Eaton Vance Floating Rate Income Trust (NYSE:EFT) shareholders.

Dividend Flows: Oct 31, 2016 will mean $0.08 dividends for Eaton Vance Floating Rate Income Trust (NYSE:EFT) shareholders.

Eaton Vance Floating Rate Income Trust (NYSE:EFT) is expected to pay $0.08 on Oct 31, 2016. The indicated annual dividend is $0.91. Shareholders owning the stock before Oct 20, 2016 will be eligible to receive the payout. Based on Eaton Vance Floating Rate Income Trust’s current price of $14.11, the dividend is 0.54%. This dividend’s record date is Oct 24, 2016 and the announcement date is Oct 4, 2016. The stock increased 0.07% or $0.01 on October 18, hitting $14.11. Eaton Vance Floating-Rate Income Trust (NYSE:EFT) has risen 7.79% since March 16, 2016 and is uptrending. It has outperformed by 2.25% the S&P500.

Eaton Vance Floating-Rate Income Trust is a diversified, closed-end management investment company. The company has a market cap of $557.34 million. The Trust’s investment objective is to provide a high level of current income. It currently has negative earnings. The Trust will, as a secondary objective, also seek preservation of capital to the extent consistent with its primary goal of high current income.

Insitutional Activity: The institutional sentiment increased to 0.75 in 2016 Q2. Its up 0.10, from 0.65 in 2016Q1. The ratio improved, as 11 funds sold all Eaton Vance Floating-Rate Income Trust shares owned while 25 reduced positions. 10 funds bought stakes while 17 increased positions. They now own 12.31 million shares or 6.42% less from 13.15 million shares in 2016Q1.
Moreover, Northrock Prns Ltd Liability Company has 0.03% invested in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) for 14,291 shares. Ota Limited Partnership reported 26,563 shares or 0.27% of all its holdings. Edge Wealth Mgmt accumulated 310 shares or 0% of the stock. City Of London Inv Management Ltd owns 22,764 shares or 0.03% of their US portfolio. Greenwich Wealth Limited Liability Corp holds 0.12% or 26,921 shares in its portfolio. Moreover, Concert Wealth Mngmt has 0.02% invested in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) for 12,131 shares. Yorktown Management Rech holds 0.95% of its portfolio in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) for 310,000 shares. Hightower Limited Co, a Illinois-based fund reported 15,152 shares. Lpl Financial Ltd Liability holds 0.01% of its portfolio in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) for 92,862 shares. The New York-based Ingalls & Snyder Ltd Company has invested 0.04% in Eaton Vance Floating-Rate Income Trust (NYSE:EFT). Baillie Gifford And accumulated 1.97M shares or 0.05% of the stock. Wells Fargo Mn holds 0% of its portfolio in Eaton Vance Floating-Rate Income Trust (NYSE:EFT) for 50,438 shares. Invest Ltd has 0.06% invested in the company for 51,528 shares. Symphony Asset Ltd Com has 0.53% invested in the company for 353,668 shares. Ladenburg Thalmann Fincl, a Florida-based fund reported 12,145 shares.

EFT Company Profile

Eaton Vance Floating-Rate Income Trust (the Fund) is a closed-end management investment company. The Trust’s investment objective is to provide a high level of current income. The Company’s secondary objective is preservation of capital. Eaton Vance Floating-Rate Income Trust invests primarily in senior, secured floating-rate loans. The Company’s portfolio includes corporate bonds and notes, convertible bonds, common stocks, convertible preferred stocks and short-term investments.

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