BlackRock Floating Rate Income Trust (BGT) to Issue Monthly Dividend of $0.12 on February 27th

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.1203 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Friday, February 13th.

BlackRock Floating Rate Income Trust Stock Performance

Shares of BGT traded up $0.04 during midday trading on Wednesday, hitting $11.43. The stock had a trading volume of 13,781 shares, compared to its average volume of 140,846. The business has a 50-day simple moving average of $11.40 and a two-hundred day simple moving average of $11.83. BlackRock Floating Rate Income Trust has a fifty-two week low of $10.21 and a fifty-two week high of $12.95.

Hedge Funds Weigh In On BlackRock Floating Rate Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of BGT. Rockefeller Capital Management L.P. increased its holdings in shares of BlackRock Floating Rate Income Trust by 6.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 17,209 shares of the investment management company’s stock valued at $215,000 after purchasing an additional 1,009 shares during the period. Invesco Ltd. increased its stake in BlackRock Floating Rate Income Trust by 0.4% in the 3rd quarter. Invesco Ltd. now owns 347,858 shares of the investment management company’s stock valued at $4,226,000 after buying an additional 1,517 shares during the period. Global Retirement Partners LLC raised its holdings in shares of BlackRock Floating Rate Income Trust by 5.5% during the third quarter. Global Retirement Partners LLC now owns 32,593 shares of the investment management company’s stock worth $396,000 after acquiring an additional 1,696 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of BlackRock Floating Rate Income Trust during the 3rd quarter valued at about $26,000. Finally, Osaic Holdings Inc. lifted its stake in BlackRock Floating Rate Income Trust by 5.7% in the second quarter. Osaic Holdings Inc. now owns 58,029 shares of the investment management company’s stock valued at $727,000 after acquiring an additional 3,140 shares during the last quarter.

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.