BlackRock Floating Rate Income Trust (BGT) Getting Somewhat Positive News Coverage, Report Finds
News stories about BlackRock Floating Rate Income Trust (NYSE:BGT) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackRock Floating Rate Income Trust earned a news impact score of 0.05 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 47.9661931616575 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
BlackRock Floating Rate Income Trust (NYSE:BGT) traded down 0.21% on Wednesday, reaching $13.99. 61,012 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $13.75 and its 200 day moving average is $14.12. BlackRock Floating Rate Income Trust has a 1-year low of $13.23 and a 1-year high of $14.79.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be issued a dividend of $0.0583 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.70 annualized dividend and a yield of 4.99%.
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BlackRock Floating Rate Income Trust Company Profile
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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