BlackRock Floating Rate Income Strat. Fn (FRA) Declares Monthly Dividend of $0.06
BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.061 per share by the investment management company on Thursday, November 30th. This represents a $0.73 annualized dividend and a yield of 5.12%. The ex-dividend date is Tuesday, November 14th.
BlackRock Floating Rate Income Strat. Fn has decreased its dividend payment by an average of 7.2% per year over the last three years.
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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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