BlackRock Floating Rate Income Trust (BGT) To Go Ex-Dividend on January 20th

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be paid a dividend of 0.1203 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Tuesday, January 20th.

BlackRock Floating Rate Income Trust Price Performance

Shares of NYSE BGT opened at $11.60 on Friday. The business’s 50-day simple moving average is $11.36 and its 200-day simple moving average is $11.96. BlackRock Floating Rate Income Trust has a 52 week low of $10.21 and a 52 week high of $12.95.

About BlackRock Floating Rate Income Trust

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.