BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Free Report) announced a monthly dividend on Friday, February 27th. Investors of record on Wednesday, April 15th will be paid a dividend of 0.1238 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date is Wednesday, April 15th.
BlackRock Floating Rate Income Strategies Fund Price Performance
FRA opened at $11.06 on Monday. The company’s 50 day simple moving average is $11.17 and its two-hundred day simple moving average is $11.81. BlackRock Floating Rate Income Strategies Fund has a 1-year low of $10.50 and a 1-year high of $13.41.
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.
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