BlackRock Floating Rate Income SFI (NYSE:FRA) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.079 per share by the investment management company on Thursday, October 31st. This represents a $0.95 annualized dividend and a yield of 7.51%. The ex-dividend date is Friday, October 11th. This is an increase from BlackRock Floating Rate Income SFI’s previous monthly dividend of $0.07.
BlackRock Floating Rate Income SFI has raised its dividend payment by an average of 1.1% per year over the last three years.
FRA stock traded down $0.04 during midday trading on Thursday, hitting $12.62. 1,605 shares of the stock traded hands, compared to its average volume of 153,746. The stock’s fifty day simple moving average is $12.58 and its 200-day simple moving average is $12.75. BlackRock Floating Rate Income SFI has a 1-year low of $11.63 and a 1-year high of $13.79.
BlackRock Floating Rate Income Strategies Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.
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