Somewhat Favorable Media Coverage Somewhat Unlikely to Affect BlackRock Floating Rate Income Strat. Fn (FRA) Share Price
Media coverage about BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) has trended somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BlackRock Floating Rate Income Strat. Fn earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 45.5242848581323 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) opened at 13.94 on Friday. BlackRock Floating Rate Income Strat. Fn has a 52-week low of $13.36 and a 52-week high of $14.85. The company’s 50 day moving average price is $14.10 and its 200 day moving average price is $14.39.
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be issued a $0.061 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.73 dividend on an annualized basis and a yield of 5.25%.
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About BlackRock Floating Rate Income Strat. Fn
BlackRock Floating Rate Income Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments.
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