BlackRock Floating Rate Income Trust (BGT) To Go Ex-Dividend on May 15th

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be given a dividend of 0.1203 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Friday, May 15th.

BlackRock Floating Rate Income Trust Stock Performance

BGT stock opened at $10.96 on Wednesday. BlackRock Floating Rate Income Trust has a 52 week low of $10.22 and a 52 week high of $12.76. The company’s 50-day simple moving average is $10.84 and its 200 day simple moving average is $11.21.

Institutional Trading of BlackRock Floating Rate Income Trust

A number of institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its position in BlackRock Floating Rate Income Trust by 15.1% during the third quarter. Advisors Asset Management Inc. now owns 405,643 shares of the investment management company’s stock worth $4,929,000 after purchasing an additional 53,124 shares during the period. Byrne Asset Management LLC bought a new stake in shares of BlackRock Floating Rate Income Trust during the 4th quarter worth approximately $1,076,000. Donoghue Forlines LLC bought a new position in shares of BlackRock Floating Rate Income Trust in the 3rd quarter valued at $11,418,000. Absolute Investment Advisers LLC bought a new position in shares of BlackRock Floating Rate Income Trust in the fourth quarter worth about $2,276,000. Finally, Wolverine Asset Management LLC bought a new position in BlackRock Floating Rate Income Trust in the 4th quarter valued at approximately $1,337,000.

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.