BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) announced a monthly dividend on Friday, June 5th. Investors of record on Tuesday, September 15th will be given a dividend of 0.1203 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Tuesday, September 15th.
BlackRock Floating Rate Income Trust Stock Up 0.0%
Shares of BGT stock opened at $10.96 on Friday. The firm’s 50-day moving average is $10.88 and its two-hundred day moving average is $10.83. BlackRock Floating Rate Income Trust has a 12 month low of $10.22 and a 12 month high of $12.44.
BlackRock Floating Rate Income Trust Company Profile
BlackRock Floating Rate Income Trust (NYSE: BGT) is a diversified, closed-end management investment company that seeks to generate current income by investing in floating rate debt instruments. Established and managed by BlackRock Advisors, the trust provides investors with exposure to senior secured loans, high-yield corporate debt, collateralized loan obligations (CLOs) and other floating rate credit products. By focusing on floating rate securities, the fund aims to offer protection against rising interest rates while pursuing consistent income generation.
The trust’s portfolio is constructed through an active, research-driven process led by a team of credit specialists within BlackRock’s Global Credit platform.
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