BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) declared a monthly dividend on Wednesday, December 20th, Wall Street Journal reports. Investors of record on Friday, December 29th will be given a dividend of 0.061 per share by the investment management company on Tuesday, January 9th. This represents a $0.73 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, December 28th.
BlackRock Floating Rate Income Strat. Fn has decreased its dividend payment by an average of 7.2% annually over the last three years.
BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) traded up $0.04 during midday trading on Wednesday, hitting $13.87. 219,381 shares of the company traded hands, compared to its average volume of 148,089. BlackRock Floating Rate Income Strat. Fn has a 1 year low of $13.70 and a 1 year high of $14.85.
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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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