BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Free Report) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be given a dividend of 0.1238 per share by the investment management company on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date is Thursday, October 15th.
BlackRock Floating Rate Income Strategies Fund Stock Performance
Shares of NYSE:FRA opened at $10.76 on Friday. The company’s fifty day simple moving average is $10.88 and its 200 day simple moving average is $10.96. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.50 and a 12 month high of $13.29.
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.
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