BlackRock Floating Rate Income Trust (BGT) Earning Somewhat Favorable Press Coverage, Study Shows
News articles about BlackRock Floating Rate Income Trust (NYSE:BGT) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BlackRock Floating Rate Income Trust earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 46.4295507854585 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of BlackRock Floating Rate Income Trust (BGT) opened at $13.71 on Wednesday. BlackRock Floating Rate Income Trust has a 1 year low of $13.40 and a 1 year high of $14.79.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.0583 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.70 annualized dividend and a dividend yield of 5.10%.
About BlackRock Floating Rate Income Trust
BlackRock Floating Rate Income Trust (the Trust) is a non-diversified, closed-end management investment Company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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