Somewhat Positive Press Coverage Somewhat Unlikely to Impact BlackRock Floating Rate Income Trust (BGT) Share Price
Media coverage about BlackRock Floating Rate Income Trust (NYSE:BGT) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackRock Floating Rate Income Trust earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 46.7382227993912 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
BlackRock Floating Rate Income Trust (NYSE BGT) traded down $0.03 during midday trading on Friday, reaching $13.74. The company had a trading volume of 46,014 shares, compared to its average volume of 71,489. BlackRock Floating Rate Income Trust has a 12 month low of $13.40 and a 12 month high of $14.79.
The firm also recently declared a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.0583 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.70 dividend on an annualized basis and a yield of 5.09%.
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BlackRock Floating Rate Income Trust Company Profile
BlackRock Floating Rate Income Trust (the Trust) is a non-diversified, closed-end management investment Company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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