BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) announced a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.12 per share by the investment management company on Friday, August 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.17%. The ex-dividend date of this dividend is Thursday, August 15th.
BlackRock Floating Rate Income Trust has raised its dividend payment by an average of 22.5% per year over the last three years.
BlackRock Floating Rate Income Trust Price Performance
Shares of NYSE BGT traded up $0.07 during trading hours on Wednesday, reaching $12.89. 21,649 shares of the stock were exchanged, compared to its average volume of 105,368. The stock’s fifty day simple moving average is $12.94 and its 200 day simple moving average is $12.95. BlackRock Floating Rate Income Trust has a 52 week low of $11.23 and a 52 week high of $13.97.
BlackRock Floating Rate Income Trust Company Profile
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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