BlackRock Floating Rate Income Trust to Issue Monthly Dividend of $0.06 (BGT)
BlackRock Floating Rate Income Trust (NYSE:BGT) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Monday, October 16th will be given a dividend of 0.0583 per share by the investment management company on Tuesday, October 31st. This represents a $0.70 annualized dividend and a yield of 4.99%. The ex-dividend date is Friday, October 13th.
BlackRock Floating Rate Income Trust has decreased its dividend payment by an average of 8.1% per year over the last three years.
Shares of BlackRock Floating Rate Income Trust (NYSE:BGT) traded down 0.50% during midday trading on Tuesday, reaching $14.02. 39,591 shares of the company’s stock were exchanged. The company’s 50-day moving average is $13.75 and its 200-day moving average is $14.13. BlackRock Floating Rate Income Trust has a one year low of $13.23 and a one year high of $14.79.
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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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