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

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.1203 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date is Thursday, October 15th.

BlackRock Floating Rate Income Trust Stock Up 0.0%

NYSE BGT opened at $10.96 on Friday. BlackRock Floating Rate Income Trust has a 12 month low of $10.22 and a 12 month high of $12.44. The company has a 50-day moving average of $10.88 and a 200-day moving average of $10.83.

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.