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

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be given a dividend of 0.1203 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date is Monday, June 15th.

BlackRock Floating Rate Income Trust Trading Down 0.1%

Shares of BGT traded down $0.01 during midday trading on Friday, hitting $10.75. The company’s stock had a trading volume of 59,679 shares, compared to its average volume of 126,039. BlackRock Floating Rate Income Trust has a one year low of $10.22 and a one year high of $12.76. The company’s fifty day simple moving average is $10.87 and its two-hundred day simple moving average is $11.09.

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.