BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) to Issue Monthly Dividend of $0.12 on March 31st

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.1238 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 13.5%. The ex-dividend date is Friday, March 13th.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.3%

Shares of FRA traded up $0.03 during midday trading on Wednesday, hitting $11.00. The company’s stock had a trading volume of 79,294 shares, compared to its average volume of 220,142. BlackRock Floating Rate Income Strategies Fund has a one year low of $10.81 and a one year high of $13.41. The company’s fifty day simple moving average is $11.65 and its two-hundred day simple moving average is $12.19.

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.