BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) To Go Ex-Dividend on May 15th

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) declared a monthly dividend on Friday, February 27th. Shareholders of record on Friday, May 15th will be given a dividend of 0.1238 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Friday, May 15th.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.1%

Shares of NYSE FRA traded up $0.02 during midday trading on Wednesday, reaching $11.16. 10,210 shares of the stock were exchanged, compared to its average volume of 184,259. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $10.50 and a twelve month high of $13.41. The company has a 50 day simple moving average of $10.99 and a 200 day simple moving average of $11.57.

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.