BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.1203 per share by the investment management company on Wednesday, July 31st. This represents a $1.44 annualized dividend and a yield of 11.18%. The ex-dividend date is Monday, July 15th.
BlackRock Floating Rate Income Trust has increased its dividend by an average of 22.5% per year over the last three years.
BlackRock Floating Rate Income Trust Stock Performance
BGT opened at $12.91 on Wednesday. The firm’s 50 day simple moving average is $13.04 and its two-hundred day simple moving average is $12.78. BlackRock Floating Rate Income Trust has a 1-year low of $11.23 and a 1-year high of $13.97.
About BlackRock Floating Rate Income Trust
BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.
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