BlackRock Floating Rate Income Strat. Fn (FRA) Earning Somewhat Critical Media Coverage, Study Shows
Media coverage about BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) has been trending somewhat negative on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. BlackRock Floating Rate Income Strat. Fn earned a media sentiment score of -0.04 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 46.28677439659 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
BlackRock Floating Rate Income Strat. Fn (NYSE FRA) opened at 14.37 on Wednesday. The firm’s 50-day moving average price is $14.08 and its 200-day moving average price is $14.23. BlackRock Floating Rate Income Strat. Fn has a 12-month low of $13.36 and a 12-month high of $14.85.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.73 annualized dividend and a dividend yield of 5.09%.
BlackRock Floating Rate Income Strat. Fn Company Profile
BlackRock Floating Rate Income Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments.
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