BlackRock Floating Rate Income Trust (NYSE:BGT) Announces Monthly Dividend of $0.06
BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Monday, June 3rd, NASDAQ reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.062 per share by the investment management company on Friday, June 28th. This represents a $0.74 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Thursday, June 13th.
BlackRock Floating Rate Income Trust has increased its dividend by an average of 0.8% annually over the last three years.
Shares of BlackRock Floating Rate Income Trust stock traded up $0.03 during trading on Wednesday, reaching $12.45. The company’s stock had a trading volume of 25,293 shares, compared to its average volume of 92,101. BlackRock Floating Rate Income Trust has a fifty-two week low of $11.26 and a fifty-two week high of $13.39.
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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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