BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) to Issue Monthly Dividend of $0.12 on September 30th

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) declared a monthly dividend on Friday, June 5th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.1238 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date is Tuesday, September 15th.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.2%

Shares of FRA opened at $10.79 on Friday. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.50 and a 12 month high of $13.29. The stock has a fifty day moving average price of $10.88 and a 200-day moving average price of $10.96.

About BlackRock Floating Rate Income Strategies Fund

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.