BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) To Go Ex-Dividend on November 13th

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.1238 per share by the investment management company on Monday, November 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 14.4%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of NYSE FRA opened at $10.32 on Wednesday. BlackRock Floating Rate Income Strategies Fund has a 12-month low of $9.65 and a 12-month high of $12.43. The stock’s 50 day simple moving average is $10.40 and its 200 day simple moving average is $10.89.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the first quarter valued at $44,000. CoreCap Advisors LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 154.9% in the 2nd quarter. CoreCap Advisors LLC now owns 19,145 shares of the investment management company’s stock worth $210,000 after acquiring an additional 11,635 shares during the period. Kestra Advisory Services LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 10.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 23,761 shares of the investment management company’s stock valued at $250,000 after purchasing an additional 2,279 shares during the last quarter. Klingman & Associates LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 3.3% in the 1st quarter. Klingman & Associates LLC now owns 48,010 shares of the investment management company’s stock valued at $529,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Lido Advisors LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 88.6% during the 3rd quarter. Lido Advisors LLC now owns 59,373 shares of the investment management company’s stock valued at $626,000 after purchasing an additional 27,900 shares during the period.

BlackRock Floating Rate Income Strategies Fund Company Profile

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA) is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide a high level of current income and, to a lesser extent, capital appreciation by investing primarily in floating-rate loans and other floating-rate debt instruments. FRA focuses largely on senior secured loans issued by companies, including borrowers with below-investment-grade credit ratings. These loans generally have interest rates that adjust periodically based on changes in reference rates, which may help reduce interest-rate sensitivity compared with fixed-rate debt.