Press coverage about BlackRock Floating Rate Income Trust (NYSE:BGT) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackRock Floating Rate Income Trust earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 48.1933259070444 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
BlackRock Floating Rate Income Trust (NYSE:BGT) traded up 0.15% during midday trading on Friday, hitting $13.69. 40,504 shares of the stock traded hands. The company has a 50-day moving average price of $13.77 and a 200-day moving average price of $14.18. BlackRock Floating Rate Income Trust has a 1-year low of $13.14 and a 1-year high of $14.79.
The firm also recently announced a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.0583 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Thursday, September 14th.
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About BlackRock Floating Rate Income Trust
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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