BlackRock Floating Rate Income Trust (BGT) to Issue Monthly Dividend of $0.12 on June 30th

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be given a dividend of 0.1203 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date is Monday, June 15th.

BlackRock Floating Rate Income Trust Stock Performance

Shares of BGT stock traded down $0.01 during mid-day trading on Friday, hitting $10.75. 59,679 shares of the stock traded hands, compared to its average volume of 126,039. The stock’s fifty day moving average is $10.87 and its two-hundred day moving average is $11.09. BlackRock Floating Rate Income Trust has a 52-week low of $10.22 and a 52-week high of $12.76.

About BlackRock Floating Rate Income Trust

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.