Blackrock Floating Rate Income (NYSE:BGT) announced a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Stockholders of record on Monday, April 16th will be given a dividend of 0.0583 per share by the investment management company on Monday, April 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Friday, April 13th.
Blackrock Floating Rate Income has decreased its dividend by an average of 11.0% per year over the last three years.
NYSE:BGT opened at $13.76 on Friday. Blackrock Floating Rate Income has a 52 week low of $13.40 and a 52 week high of $14.79.
BlackRock Floating Rate Income Trust (the Trust) is a non-diversified, closed-end management investment Company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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