Eaton Vance Floating-Rate Income Plus Fund (NYSE:EFF) declared a monthly dividend on Tuesday, May 4th, Wall Street Journal reports. Investors of record on Friday, May 21st will be given a dividend of 0.06 per share on Friday, May 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, May 20th. This is a boost from Eaton Vance Floating-Rate Income Plus Fund’s previous monthly dividend of $0.06.
EFF remained flat at $$16.39 during trading on Tuesday. 18,281 shares of the company’s stock traded hands, compared to its average volume of 42,295. The firm’s fifty day moving average price is $16.36 and its 200 day moving average price is $15.64. Eaton Vance Floating-Rate Income Plus Fund has a 1 year low of $12.62 and a 1 year high of $16.58.
In other Eaton Vance Floating-Rate Income Plus Fund news, major shareholder Saba Capital Management, L.P. sold 26,295 shares of the company’s stock in a transaction on Wednesday, February 17th. The shares were sold at an average price of $15.80, for a total transaction of $415,461.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Eaton Vance Floating-Rate Income Plus Fund is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in fixed income markets across the globe. The fund primarily invests in senior, secured floating-rate loans of domestic and foreign borrowers that are denominated in U.S.
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