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

by · The Markets Daily

BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) announced a monthly dividend on Thursday, September 10th. Investors of record on Friday, December 11th will be paid a dividend of 0.1203 per share by the investment management company on Tuesday, December 22nd. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock Floating Rate Income Trust Stock Performance

Shares of BGT opened at $10.97 on Friday. BlackRock Floating Rate Income Trust has a twelve month low of $10.22 and a twelve month high of $12.44. The firm’s 50-day moving average is $10.87 and its two-hundred day moving average is $10.83.

About BlackRock Floating Rate Income Trust

(Get Free Report)

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.

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