BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) to Issue Monthly Dividend of $0.12

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Friday, February 27th. Shareholders of record on Friday, May 15th will be given a dividend of 0.1238 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Friday, May 15th.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.2%

Shares of FRA opened at $11.13 on Wednesday. The firm has a fifty day simple moving average of $10.99 and a two-hundred day simple moving average of $11.57. BlackRock Floating Rate Income Strategies Fund has a 1-year low of $10.50 and a 1-year high of $13.41.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in BlackRock Floating Rate Income Strategies Fund by 79.9% in the first quarter. Royal Bank of Canada now owns 165,544 shares of the investment management company’s stock worth $2,139,000 after purchasing an additional 73,518 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 130.3% in the 2nd quarter. Baird Financial Group Inc. now owns 84,741 shares of the investment management company’s stock worth $1,113,000 after purchasing an additional 47,946 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 25.5% in the second quarter. Raymond James Financial Inc. now owns 227,084 shares of the investment management company’s stock worth $2,984,000 after buying an additional 46,145 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the second quarter worth approximately $244,000. Finally, Klingman & Associates LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 2.8% during the third quarter. Klingman & Associates LLC now owns 45,048 shares of the investment management company’s stock valued at $585,000 after buying an additional 1,248 shares during the period.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.