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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) declared a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be given a dividend of 0.1238 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 13.5%. The ex-dividend date is Monday, June 15th.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE:FRA opened at $10.99 on Friday. BlackRock Floating Rate Income Strategies Fund has a 52 week low of $10.50 and a 52 week high of $13.41. The company has a 50-day moving average price of $11.06 and a 200 day moving average price of $11.37.

About BlackRock Floating Rate Income Strategies Fund

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.