BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Free Report) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, December 11th will be given a dividend of 0.1238 per share by the investment management company on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, December 11th.
BlackRock Floating Rate Income Strategies Fund Stock Performance
Shares of NYSE FRA opened at $10.76 on Friday. The firm’s 50-day moving average price is $10.88 and its 200-day moving average price is $10.96. BlackRock Floating Rate Income Strategies Fund has a 12-month low of $10.50 and a 12-month high of $13.29.
BlackRock Floating Rate Income Strategies Fund Company Profile
BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.
In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.
Featured Articles
- Five stocks we like better than BlackRock Floating Rate Income Strategies Fund
- Microsoft’s Azure Reporting Shift Adds Clarity, But the Bull Case Came First
- Feed to Feat: Can Meta Unlock the AI Agent Cash Machine?
- Chime Finds Its Stride With a $590M Deal That Could Reshape Its Banking Model
- IBM and Lockheed Martin Turn a Swiss Defense Deal Into a Quantum Computing Bet
Receive News & Ratings for BlackRock Floating Rate Income Strategies Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Floating Rate Income Strategies Fund and related companies with MarketBeat.com's FREE daily email newsletter.
