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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be given a dividend of 0.1238 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE:FRA opened at $11.04 on Wednesday. The business has a 50-day moving average of $10.86 and a two-hundred day moving average of $11.08. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.50 and a 12 month high of $13.41.

BlackRock Floating Rate Income Strategies Fund Company Profile

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.