BlackRock Floating Rate Income Trust (BGT) Declares $0.06 Monthly Dividend
BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Tuesday, December 12th will be given a dividend of 0.0583 per share by the investment management company on Tuesday, December 19th. This represents a $0.70 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Monday, December 11th.
BlackRock Floating Rate Income Trust has decreased its dividend payment by an average of 8.1% annually over the last three years.
BlackRock Floating Rate Income Trust (NYSE BGT) traded up $0.03 during trading hours on Monday, reaching $13.77. The company’s stock had a trading volume of 38,396 shares, compared to its average volume of 71,347. BlackRock Floating Rate Income Trust has a 1 year low of $13.40 and a 1 year high of $14.79.
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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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