BlackRock Floating Rate Income Strategies Fund (FRA) Receives Coverage Optimism Score of 0.14
Media coverage about BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BlackRock Floating Rate Income Strategies Fund earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 47.0720560277354 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of BlackRock Floating Rate Income Strategies Fund stock traded up $0.01 during trading hours on Thursday, hitting $14.47. 110,563 shares of the company’s stock were exchanged, compared to its average volume of 208,870. BlackRock Floating Rate Income Strategies Fund has a 1 year low of $13.70 and a 1 year high of $14.75.
The firm also recently announced a monthly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.06%.
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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