BlackRock Floating Rate Income Strat. Fn (FRA) Earning Somewhat Positive Media Coverage, Study Finds
Headlines about BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BlackRock Floating Rate Income Strat. Fn earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 45.8005444908454 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of BlackRock Floating Rate Income Strat. Fn (NYSE FRA) traded down $0.10 on Thursday, hitting $13.99. The stock had a trading volume of 63,402 shares, compared to its average volume of 101,366. BlackRock Floating Rate Income Strat. Fn has a one year low of $13.36 and a one year high of $14.85.
The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a $0.061 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.73 annualized dividend and a dividend yield of 5.23%.
BlackRock Floating Rate Income Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments.
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