BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.1203 per share by the investment management company on Monday, December 23rd. This represents a $1.44 dividend on an annualized basis and a yield of 10.84%. The ex-dividend date of this dividend is Monday, December 16th.
BlackRock Floating Rate Income Trust has raised its dividend payment by an average of 22.5% per year over the last three years.
BlackRock Floating Rate Income Trust Stock Down 0.3 %
Shares of NYSE BGT traded down $0.04 during midday trading on Friday, reaching $13.31. 187,392 shares of the stock traded hands, compared to its average volume of 105,172. The company’s 50 day moving average is $13.07 and its 200 day moving average is $12.95. BlackRock Floating Rate Income Trust has a one year low of $12.01 and a one year high of $13.97.
About BlackRock Floating Rate Income Trust
BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.
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