BlackRock Floating Rate Income Trust to Issue Monthly Dividend of $0.12 (NYSE:BGT)

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.1203 per share by the investment management company on Friday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 11.12%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Floating Rate Income Trust has increased its dividend payment by an average of 22.5% per year over the last three years.

BlackRock Floating Rate Income Trust Stock Performance

NYSE BGT remained flat at $12.98 on Thursday. 2,218 shares of the company’s stock traded hands, compared to its average volume of 102,981. The stock’s fifty day moving average price is $12.94 and its 200-day moving average price is $12.96. BlackRock Floating Rate Income Trust has a twelve month low of $11.77 and a twelve month high of $13.97.

BlackRock Floating Rate Income Trust Company Profile

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.