Eaton Vance Senior Floating-Rate Trust
EFRFinancial Services · Stock · monthly payer
Forward Yield
8.06%
Annual Dividend
$0.83
Payout Ratio
192%
5-Yr Growth
5.5%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Eaton Vance Senior Floating-Rate Trust (EFR) yields 8.06% ($0.83 per share annually), with a blended fair-value estimate of $16.75 — +62% upside, so it screens as undervalued. Dividend safety grade: D (49/100).
Is EFR a good dividend stock?
MixedEaton Vance Senior Floating-Rate Trust (EFR) pays a monthly dividend yielding 8.06% ($0.83/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 5.5% 5-yr dividend growth
Risks
- Cut its dividend in 2025
- Elevated payout ratio (192%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 8.06%
- Payout Ratio
- 192%
- Annual Dividend
- $0.83
- 5-Yr Avg Growth
- 5.5%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.34
- Market Cap
- $300.8M
- P/E Ratio
- 20.0
- 5-Yr Total Return
- -31%
- 52-Week Range
- $10.11 – $11.64
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
EFR Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
-11%
5 Years
-31%
52-Week Range
$10.11 – $11.64
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EFR worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Eaton Vance Senior Floating-Rate Trust is $16.75 per share, versus a market price of $10.35. That implies 62% of upside — a margin of safety of about 38%.
Fair Value
$16.75
Current Price
$10.35
Upside
+62%
Margin of Safety
38%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 6.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 6.4% stage-1 growth, 2.5% terminal growth, $0.51 EPS, $0.83 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EFR Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full EFR dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0690 | regular |
| Aug 14, 2026 | — | $0.0700 | regular |
| Jul 15, 2026 | — | $0.0690 | regular |
| Jun 15, 2026 | — | $0.0660 | regular |
| May 15, 2026 | — | $0.0670 | regular |
| Apr 15, 2026 | — | $0.0680 | regular |
| Mar 16, 2026 | — | $0.0700 | regular |
| Feb 17, 2026 | — | $0.0770 | regular |
| Jan 15, 2026 | — | $0.0770 | regular |
| Dec 15, 2025 | — | $0.0770 | regular |
| Nov 14, 2025 | — | $0.0850 | regular |
| Oct 15, 2025 | — | $0.0850 | regular |
| Sep 15, 2025 | — | $0.0860 | regular |
| Aug 15, 2025 | — | $0.0860 | regular |
Income Calculator
At $0.83 / yr per share
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