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

by · The Markets Daily

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Free Report) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, November 13th will be paid a dividend of 0.1238 per share by the investment management company on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 13.8%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock Floating Rate Income Strategies Fund Price Performance

FRA opened at $10.76 on Friday. The company’s 50 day simple moving average is $10.88 and its 200-day simple moving average is $10.96. BlackRock Floating Rate Income Strategies Fund has a one year low of $10.50 and a one year high of $13.29.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

A number of institutional investors have recently bought and sold shares of the business. Readystate Asset Management LP bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth $5,774,000. Marathon Strategic Advisors LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 6.3% during the 1st quarter. Marathon Strategic Advisors LLC now owns 392,654 shares of the investment management company’s stock worth $4,327,000 after buying an additional 23,411 shares during the period. Invesco Ltd. raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 5.4% in the 4th quarter. Invesco Ltd. now owns 374,050 shares of the investment management company’s stock valued at $4,406,000 after acquiring an additional 19,089 shares during the period. Raymond James Financial Inc. boosted its stake in BlackRock Floating Rate Income Strategies Fund by 42.4% during the 3rd quarter. Raymond James Financial Inc. now owns 323,357 shares of the investment management company’s stock worth $4,197,000 after acquiring an additional 96,273 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. grew its holdings in BlackRock Floating Rate Income Strategies Fund by 47.1% during the fourth quarter. Edgemoor Investment Advisors Inc. now owns 296,213 shares of the investment management company’s stock valued at $3,489,000 after purchasing an additional 94,860 shares during the period.

BlackRock Floating Rate Income Strategies Fund Company Profile

(Get Free Report)

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.

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