BlackRock Floating Rate Income Trust (NYSE:BGT) Plans $0.12 Monthly Dividend

BlackRock Floating Rate Income Trust (NYSE:BGTGet Free Report) announced a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.12 per share by the investment management company on Tuesday, April 30th. This represents a $1.44 dividend on an annualized basis and a yield of 11.03%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Floating Rate Income Trust has raised its dividend by an average of 12.8% per year over the last three years and has increased its dividend every year for the last 2 years.

BlackRock Floating Rate Income Trust Price Performance

BGT traded down $0.06 during trading on Wednesday, reaching $13.05. The company’s stock had a trading volume of 32,073 shares, compared to its average volume of 106,001. The company’s fifty day moving average price is $12.82 and its 200-day moving average price is $12.29. BlackRock Floating Rate Income Trust has a 52-week low of $10.95 and a 52-week high of $13.42.

Institutional Investors Weigh In On BlackRock Floating Rate Income Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its position in shares of BlackRock Floating Rate Income Trust by 19.4% during the 4th quarter. Morgan Stanley now owns 1,093,525 shares of the investment management company’s stock valued at $11,963,000 after acquiring an additional 177,957 shares during the period. Ameriprise Financial Inc. lifted its position in shares of BlackRock Floating Rate Income Trust by 3.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 525,157 shares of the investment management company’s stock valued at $6,662,000 after acquiring an additional 18,393 shares during the period. Guggenheim Capital LLC lifted its position in shares of BlackRock Floating Rate Income Trust by 3.8% during the 1st quarter. Guggenheim Capital LLC now owns 485,043 shares of the investment management company’s stock valued at $6,184,000 after acquiring an additional 17,644 shares during the period. UBS Group AG lifted its position in shares of BlackRock Floating Rate Income Trust by 10.6% during the 4th quarter. UBS Group AG now owns 415,201 shares of the investment management company’s stock valued at $5,140,000 after acquiring an additional 39,815 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of BlackRock Floating Rate Income Trust by 8.1% during the 1st quarter. Advisors Asset Management Inc. now owns 220,218 shares of the investment management company’s stock worth $2,469,000 after purchasing an additional 16,541 shares during the last quarter.

BlackRock Floating Rate Income Trust Company Profile

(Get Free Report)

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.

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Dividend History for BlackRock Floating Rate Income Trust (NYSE:BGT)

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