BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) declared a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be given a dividend of 0.1203 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend is Monday, June 15th.
BlackRock Floating Rate Income Trust Stock Performance
BGT stock opened at $10.75 on Friday. BlackRock Floating Rate Income Trust has a 52 week low of $10.22 and a 52 week high of $12.76. The company’s 50-day simple moving average is $10.87 and its 200 day simple moving average is $11.09.
BlackRock Floating Rate Income Trust Company Profile
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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