BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) To Go Ex-Dividend on February 14th

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRAGet Free Report) declared a monthly dividend on Thursday, February 1st, NASDAQ reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.1238 per share by the investment management company on Thursday, February 29th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.66%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock Floating Rate Income Strategies Fund has increased its dividend payment by an average of 12.8% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.

BlackRock Floating Rate Income Strategies Fund Price Performance

NYSE:FRA opened at $12.74 on Monday. The stock’s 50 day simple moving average is $12.42 and its 200-day simple moving average is $12.33. BlackRock Floating Rate Income Strategies Fund has a 12-month low of $11.11 and a 12-month high of $12.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the third quarter valued at $36,000. Captrust Financial Advisors acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the second quarter valued at $71,000. IHT Wealth Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter valued at about $123,000. Mercer Global Advisors Inc. ADV acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 2nd quarter valued at approximately $125,000. Finally, Steward Partners Investment Advisory LLC grew its stake in BlackRock Floating Rate Income Strategies Fund by 13.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,280 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 1,363 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Company Profile

(Get Free Report)

BlackRock Floating Rate Income Strategies Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.

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Dividend History for BlackRock Floating Rate Income Strategies Fund (NYSE:FRA)

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