Eaton Vance Floating-Rate Income Trust
EFTFinancial Services · Stock · monthly payer
Forward Yield
8.15%
Annual Dividend
$0.85
Payout Ratio
362%
5-Yr Growth
6.9%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Eaton Vance Floating-Rate Income Trust (EFT) yields 8.15% ($0.85 per share annually), with a blended fair-value estimate of $15.89 — +51% upside, so it screens as undervalued. Dividend safety grade: D (47/100).
Is EFT a good dividend stock?
MixedEaton Vance Floating-Rate Income Trust (EFT) pays a monthly dividend yielding 8.15% ($0.85/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 6.9% 5-yr dividend growth
Risks
- Cut its dividend in 2025
- Elevated payout ratio (362%)
- 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
- 8.15%
- Payout Ratio
- 362%
- Annual Dividend
- $0.85
- 5-Yr Avg Growth
- 6.9%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.43
- Market Cap
- $275.1M
- P/E Ratio
- 41.4
- 5-Yr Total Return
- -30%
- 52-Week Range
- $10.34 – $12.01
- Dividend Safety
- D · 47/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
EFT Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
-11%
5 Years
-30%
52-Week Range
$10.34 – $12.01
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EFT worth?
Undervaluedlow confidenceOur blended fair-value estimate for Eaton Vance Floating-Rate Income Trust is $15.89 per share, versus a market price of $10.52. That implies 51% of upside — a margin of safety of about 34%.
Fair Value
$15.89
Current Price
$10.52
Upside
+51%
Margin of Safety
34%
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 7.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 7.9% stage-1 growth, 2.5% terminal growth, $0.25 EPS, $0.85 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EFT 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 EFT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0710 | regular |
| Aug 14, 2026 | — | $0.0680 | regular |
| Jul 15, 2026 | — | $0.0660 | regular |
| Jun 15, 2026 | — | $0.0670 | regular |
| May 15, 2026 | — | $0.0700 | regular |
| Apr 15, 2026 | — | $0.0690 | regular |
| Mar 16, 2026 | — | $0.0730 | regular |
| Feb 17, 2026 | — | $0.0860 | regular |
| Dec 30, 2025 | — | $0.0860 | regular |
| Dec 15, 2025 | — | $0.0800 | regular |
| Nov 14, 2025 | — | $0.0860 | regular |
| Oct 15, 2025 | — | $0.0860 | regular |
| Sep 15, 2025 | — | $0.0890 | regular |
| Aug 15, 2025 | — | $0.0890 | regular |
Income Calculator
At $0.85 / yr per share
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