BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Declares Monthly Dividend of $0.12

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) declared a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.1238 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock Floating Rate Income Strategies Fund Price Performance

NYSE:FRA opened at $12.10 on Friday. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.90 and a 12 month high of $13.41. The business’s fifty day moving average price is $11.87 and its 200 day moving average price is $12.63.

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.