BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.0583 per share by the investment management company on Thursday, November 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Tuesday, November 14th.
BlackRock Floating Rate Income Trust has decreased its dividend by an average of 8.1% annually over the last three years.
BlackRock Floating Rate Income Trust (BGT) opened at $14.07 on Monday. BlackRock Floating Rate Income Trust has a fifty-two week low of $13.26 and a fifty-two week high of $14.79.
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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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