BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.1203 per share by the investment management company on Monday, November 30th. This represents a $1.44 dividend on an annualized basis and a yield of 14.3%. The ex-dividend date of this dividend is Friday, November 13th.
BlackRock Floating Rate Income Trust Trading Down 0.4%
Shares of BGT stock opened at $10.06 on Wednesday. BlackRock Floating Rate Income Trust has a 1 year low of $9.71 and a 1 year high of $11.67. The business’s fifty day moving average is $10.39 and its 200-day moving average is $10.77.
BlackRock Floating Rate Income Trust Company Profile
BlackRock Floating Rate Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol BGT. The fund seeks to provide a high level of current income, with a secondary objective of capital appreciation. The trust invests primarily in floating-rate loans and other floating-rate debt instruments, including senior secured corporate loans. These investments are generally made in below-investment-grade or unrated issuers and are designed to provide exposure to income-producing corporate credit while limiting sensitivity to changes in prevailing interest rates.
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