BlackRock Floating Rate Income Trust (BGT) to Issue Monthly Dividend of $0.12 on May 31st

BlackRock Floating Rate Income Trust (NYSE:BGT) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.12 per share by the investment management company on Friday, May 31st. This represents a $1.44 annualized dividend and a dividend yield of 11.15%. The ex-dividend date is Tuesday, May 14th.

BlackRock Floating Rate Income Trust has raised its dividend payment by an average of 22.5% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.

BlackRock Floating Rate Income Trust Price Performance

Shares of BlackRock Floating Rate Income Trust stock traded up $0.01 during trading on Friday, reaching $12.92. The company’s stock had a trading volume of 109,081 shares, compared to its average volume of 102,067. BlackRock Floating Rate Income Trust has a 52-week low of $10.95 and a 52-week high of $13.42. The firm’s 50-day moving average is $12.98 and its two-hundred day moving average is $12.42.

BlackRock Floating Rate Income Trust Company Profile

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.