BlackRock Floating Rate Income Trust (BGT) to Issue Monthly Dividend of $0.12 on July 31st

BlackRock Floating Rate Income Trust (NYSE:BGTGet Free Report) declared a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be given a dividend of 0.1203 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date is Wednesday, July 15th.

BlackRock Floating Rate Income Trust Stock Performance

BlackRock Floating Rate Income Trust stock opened at $10.69 on Monday. BlackRock Floating Rate Income Trust has a 1 year low of $10.22 and a 1 year high of $12.75. The firm’s 50 day moving average price is $10.76 and its two-hundred day moving average price is $10.99.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC raised its position in BlackRock Floating Rate Income Trust by 1.8% during the fourth quarter. Guggenheim Capital LLC now owns 1,516,493 shares of the investment management company’s stock valued at $17,182,000 after buying an additional 27,198 shares during the period. LPL Financial LLC grew its stake in BlackRock Floating Rate Income Trust by 8.3% in the fourth quarter. LPL Financial LLC now owns 761,509 shares of the investment management company’s stock valued at $8,628,000 after purchasing an additional 58,423 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in BlackRock Floating Rate Income Trust by 25.2% in the third quarter. Ameriprise Financial Inc. now owns 510,947 shares of the investment management company’s stock worth $6,208,000 after buying an additional 102,959 shares during the last quarter. Readystate Asset Management LP acquired a new stake in BlackRock Floating Rate Income Trust in the fourth quarter valued at approximately $5,003,000. Finally, Invesco Ltd. boosted its holdings in BlackRock Floating Rate Income Trust by 20.9% in the fourth quarter. Invesco Ltd. now owns 420,626 shares of the investment management company’s stock worth $4,766,000 after purchasing an additional 72,768 shares in the last quarter.

BlackRock Floating Rate Income Trust Company Profile

(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.

Further Reading

Dividend History for BlackRock Floating Rate Income Trust (NYSE:BGT)

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