BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.061 per share by the investment management company on Wednesday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Wednesday, February 14th.
BlackRock Floating Rate Income Strat. Fn has decreased its dividend by an average of 7.3% per year over the last three years.
BlackRock Floating Rate Income Strat. Fn (NYSE FRA) traded down $0.05 during trading hours on Monday, hitting $14.19. 192,333 shares of the stock traded hands, compared to its average volume of 192,372. 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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