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Eaton Vance Floating-rateome Trust (Eaton Vance Floating-rateome Trust) Dividend Payout Ratio : 0.61 (As of Nov. 2023)


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What is Eaton Vance Floating-rateome Trust Dividend Payout Ratio?

Eaton Vance Floating-rateome Trust's dividend payout ratio for the months ended in Nov. 2023 was 0.61.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Eaton Vance Floating-rate Income Trust is 0.74, which seems too high.

The historical rank and industry rank for Eaton Vance Floating-rateome Trust's Dividend Payout Ratio or its related term are showing as below:

EFT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.32   Med: 1.37   Max: 2.05
Current: 0.74

During the past 6 years, the highest Dividend Payout Ratio of Eaton Vance Floating-rateome Trust was 2.05. The lowest was 0.32. And the median was 1.37.

EFT's Dividend Payout Ratio is ranked better than
53.9% of 948 companies
in the Asset Management industry
Industry Median: 0.8 vs EFT: 0.74

As of today (2024-05-23), the Dividend Yield % of Eaton Vance Floating-rateome Trust is 10.18%.

During the past 6 years, the highest Trailing Annual Dividend Yield of Eaton Vance Floating-rateome Trust was 10.22%. The lowest was 4.72%. And the median was 6.65%.

Eaton Vance Floating-rateome Trust's Dividends per Share for the months ended in Nov. 2023 was $0.68.

During the past 12 months, Eaton Vance Floating-rateome Trust's average Dividends Per Share Growth Rate was 36.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.70% per year.

During the past 6 years, the highest 3-Year average Dividends Per Share Growth Rate of Eaton Vance Floating-rateome Trust was 4.30% per year. The lowest was -4.00% per year. And the median was 3.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Eaton Vance Floating-rateome Trust Dividend Payout Ratio Historical Data

The historical data trend for Eaton Vance Floating-rateome Trust's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eaton Vance Floating-rateome Trust Dividend Payout Ratio Chart

Eaton Vance Floating-rateome Trust Annual Data
Trend May18 May19 May20 May21 May22 May23
Dividend Payout Ratio
Get a 7-Day Free Trial 1.78 - 0.32 - 2.05

Eaton Vance Floating-rateome Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.74 - - 0.98 0.61

Competitive Comparison of Eaton Vance Floating-rateome Trust's Dividend Payout Ratio

For the Asset Management subindustry, Eaton Vance Floating-rateome Trust's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eaton Vance Floating-rateome Trust's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Floating-rateome Trust's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Eaton Vance Floating-rateome Trust's Dividend Payout Ratio falls into.


Eaton Vance Floating-rateome Trust Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Eaton Vance Floating-rateome Trust's Dividend Payout Ratio for the fiscal year that ended in May. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (A: May. 2023 )/ EPS without NRI (A: May. 2023 )
=1.054/ 0.514
=2.05

Eaton Vance Floating-rateome Trust's Dividend Payout Ratio for the quarter that ended in Nov. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Nov. 2023 )/ EPS without NRI (Q: Nov. 2023 )
=0.684/ 1.127
=0.61

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Eaton Vance Floating-rateome Trust (NYSE:EFT) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Eaton Vance Floating-rateome Trust Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Eaton Vance Floating-rateome Trust's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Eaton Vance Floating-rateome Trust (Eaton Vance Floating-rateome Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Floating-rate Income Trust (NYSE:EFT) » Definitions » Dividend Payout Ratio
Comparable Companies
GBAB MUA EFR FSD HIO EAD CHW HPI SDHY MYN BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Website
https://www.eatonvance.com
Eaton Vance Floating-rate Income Trust is a closed-end management investment company. The company's objective is to provide a high level of current income and its secondary objective is capital appreciation.
Executives
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Anchal Pachnanda officer: Officer TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton other: Trustee TWO INTERNATIONAL PLACE, BOSTON MA 02110
Sarah Anne Choi other: Portfolio Manager TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nancy A Wiser other: Trustee WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger officer: Secretary TWO INTERNATIONAL PLACE, BOSTON MA 02110
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Deidre E Walsh officer: Vice President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Catherine Mcdermott other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109
Andrew Sveen other: Portfolio Manager 255 STATE STREET, BOSTON MA 02109