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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Thursday, September 10th. Investors of record on Friday, December 11th will be given a dividend of 0.1238 per share by the investment management company on Tuesday, December 22nd. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date is Friday, December 11th.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.8%

Shares of FRA stock opened at $10.76 on Friday. The stock’s 50-day moving average is $10.88 and its two-hundred day moving average is $10.96. BlackRock Floating Rate Income Strategies Fund has a 1 year low of $10.50 and a 1 year high of $13.29.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FRA. Greykasell Wealth Strategies Inc. purchased a new position in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at about $39,000. Fifth Third Bancorp purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the first quarter valued at $44,000. HighTower Advisors LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth about $123,000. Alpine Global Management LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth about $131,000. Finally, Janney Montgomery Scott LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 8.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,482 shares of the investment management company’s stock valued at $182,000 after purchasing an additional 1,248 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Company Profile

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.