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

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, June 5th. Stockholders of record on Friday, August 14th will be given a dividend of 0.1203 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date is Friday, August 14th.

BlackRock Floating Rate Income Trust Stock Performance

NYSE BGT opened at $11.07 on Wednesday. The company has a fifty day moving average of $10.72 and a 200 day moving average of $10.89. BlackRock Floating Rate Income Trust has a 1 year low of $10.22 and a 1 year high of $12.57.

Institutional Investors Weigh In On BlackRock Floating Rate Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BGT. CoreCap Advisors LLC lifted its stake in shares of BlackRock Floating Rate Income Trust by 100.0% in the 2nd quarter. CoreCap Advisors LLC now owns 2,600 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 1,300 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in BlackRock Floating Rate Income Trust by 77.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,200 shares of the investment management company’s stock valued at $36,000 after buying an additional 1,400 shares in the last quarter. EFG International AG acquired a new position in shares of BlackRock Floating Rate Income Trust in the fourth quarter worth about $52,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of BlackRock Floating Rate Income Trust in the first quarter worth about $60,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of BlackRock Floating Rate Income Trust during the 4th quarter worth about $73,000.

BlackRock Floating Rate Income Trust Company Profile

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.