BlackRock Floating Rate Income Trust (NYSE:BGT) Announces $0.12 Monthly Dividend

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Monday, June 3rd, Zacks reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.12 per share by the investment management company on Friday, June 28th. This represents a $1.44 dividend on an annualized basis and a yield of 11.07%. The ex-dividend date is Friday, June 14th.

BlackRock Floating Rate Income Trust has increased its dividend by an average of 22.5% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

BlackRock Floating Rate Income Trust Stock Performance

BGT traded up $0.08 during midday trading on Wednesday, reaching $13.01. The company’s stock had a trading volume of 52,374 shares, compared to its average volume of 104,165. The company has a fifty day simple moving average of $13.06 and a 200 day simple moving average of $12.66. BlackRock Floating Rate Income Trust has a twelve month low of $11.17 and a twelve month high of $13.97.

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.