BlackRock Floating Rate Income Trust (BGT) To Go Ex-Dividend on July 15th

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, June 5th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.1203 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 13.5%. The ex-dividend date is Wednesday, July 15th.

BlackRock Floating Rate Income Trust Price Performance

Shares of BGT opened at $10.69 on Monday. The company’s fifty day moving average price is $10.76 and its 200-day moving average price is $10.99. BlackRock Floating Rate Income Trust has a 1-year low of $10.22 and a 1-year high of $12.75.

BlackRock Floating Rate Income Trust Company Profile

BlackRock Floating Rate Income Trust (NYSE: BGT) is a diversified, closed-end management investment company that seeks to generate current income by investing in floating rate debt instruments. Established and managed by BlackRock Advisors, the trust provides investors with exposure to senior secured loans, high-yield corporate debt, collateralized loan obligations (CLOs) and other floating rate credit products. By focusing on floating rate securities, the fund aims to offer protection against rising interest rates while pursuing consistent income generation.

The trust’s portfolio is constructed through an active, research-driven process led by a team of credit specialists within BlackRock’s Global Credit platform.