Eaton Vance Floating-Rate Income Trust — Cyborg Score 7/10
Solid
Asset Management
Strategic Profile
Founded in June 1988, the trust seeks to provide current income with capital preservation and offers investors access to a portfolio of floating-rate debt instruments. The fund targets income-focused investors seeking high current yield, with an annualized dividend yield of 7.7% as of April 2026.
Cyborg Score Rationale
Established closed-end fund with consistent dividend income, favorable recent performance exceeding the S&P 500 YTD, and a modest premium valuation. Limited by exposure to floating-rate credit markets and higher interest rate sensitivity, but stable dividend policy and experienced management provide steady income.
Top Insights
Market capitalization of approximately $286.5 million as of March 2026
Monthly dividend payments of $0.069 per share yielding 7.7% announced in April 2026
YTD return of 2.63% as of February 27, 2026, outperforming the S&P 500 at 0.49%
26.6 million common shares outstanding as of December 2025
Named Competitors
BlackRock Floating Rate Income Strategies Fund — Floating-rate income fund with similar exposure to leveraged loans
PIMCO Dynamic Income Fund — Alternative income strategy targeting high current distributions
Invesco Floating Rate ETF — ETF alternative targeting floating-rate fixed income exposure
Recent Developments
(April 2026) Announced monthly dividend of $0.069 per share with 7.7% yield
(March 2026) Held annual shareholder meeting with trustee elections
(February 2026) Maintained dividend policy targeting income investors
Open the full interactive Eaton Vance Floating-Rate Income Trust report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.