BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Tuesday, April 4th. Investors of record on Thursday, April 13th will be paid a dividend of 0.0583 per share by the investment management company on Friday, April 28th. This represents a $0.70 annualized dividend and a yield of 4.80%. The ex-dividend date is Tuesday, April 11th.
BlackRock Floating Rate Income Trust has decreased its dividend payment by an average of 8.1% annually over the last three years.
Shares of BlackRock Floating Rate Income Trust (NYSE:BGT) traded down 0.34% during mid-day trading on Thursday, reaching $14.53. The company had a trading volume of 16,491 shares. The company has a market capitalization of $343.82 million and a PE ratio of 15.59. BlackRock Floating Rate Income Trust has a 52-week low of $12.68 and a 52-week high of $14.65. The company’s 50-day moving average price is $14.44 and its 200-day moving average price is $14.09.
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BlackRock Floating Rate Income Trust Company Profile
BlackRock Floating Rate Income Trust (the Trust) is a non-diversified, closed-end management investment Company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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