Eaton Vance Senior Income Trust Declares $0.039 Dividend on 2025-11-13 Ex-Dividend Date

Introduction

Eaton Vance Senior Income Trust (EVF) has a long-standing commitment to distributing income to shareholders, aligning with its role in the high-yield fixed-income market. This latest dividend announcement continues the fund’s strategy of delivering regular income, although at a relatively modest amount. Given the current economic environment, marked by stable interest rates and cautious investor sentiment, this ex-dividend event will be closely watched for its impact on the fund’s share price.

Dividend Overview and Context

Eaton Vance Senior Income Trust has declared a cash dividend of $0.039 per share on an ex-dividend date of 2025-11-13. As a closed-end fund, its dividend policy reflects its focus on generating income through a diversified portfolio of senior loans and other fixed-income securities.

On the ex-dividend date, the fund’s share price is expected to decline by approximately the amount of the dividend, assuming all other market factors remain constant. This price adjustment is a standard feature of dividend-paying equities and is particularly relevant for funds like EVF, which are often traded at a premium or discount to their net asset value (NAV).

Backtest Analysis

Historical backtests of EVF’s performance around its ex-dividend dates reveal a strong and relatively swift recovery pattern. The backtest, which spans multiple dividend cycles, indicates that the fund typically recovers its dividend amount within 3.35 days on average. Furthermore, there is a 74% probability of full recovery within 15 days, suggesting that the market efficiently accounts for the dividend distribution.

These results highlight the potential for short-term opportunities for investors looking to capture the price rebound. Reinvestment assumptions in the backtest were based on a simple dollar-cost averaging approach, reinforcing the reliability of the recovery trend under realistic market conditions.

Driver Analysis and Implications

EVF’s most recent financial report, as of its latest available data, shows a net income of $7.08 million, with total revenue of $15.19 million and operating income of $13.17 million. Despite high interest expenses and marketing/administrative costs, the fund managed to maintain a healthy income from continuing operations. The total basic earnings per common share stood at $0.3898, indicating that the $0.039 dividend is well-supported and reflects a conservative payout ratio.

The decision to maintain the dividend may also be influenced by broader macroeconomic factors. In a low-interest-rate environment, income-focused investors continue to seek stable returns, and EVF’s strategy of leveraging senior secured loans appears well-positioned to deliver steady cash flows.

Investment Strategies and Recommendations

For short-term traders, the ex-dividend date presents a predictable market event with a high probability of price normalization. Investors may consider entering positions after the ex-date, leveraging the historical tendency for quick recovery.

Long-term investors should monitor the fund’s financial performance and NAV trends, particularly in relation to its premium or discount to NAV. Given the fund’s consistent earnings and disciplined payout approach, it remains a viable option for those seeking regular income in a diversified portfolio.

Conclusion & Outlook

The upcoming ex-dividend date for Eaton Vance Senior Income Trust on 2025-11-13 is unlikely to disrupt its long-term dividend strategy, as the fund’s financials remain robust. Investors can expect a market-adjusted price response, followed by a high probability of price recovery within a short window.

The next earnings announcement will offer further insights into the fund’s operational performance and future dividend sustainability, and should be closely monitored for strategic investment decisions.