BlackRock Floating Rate Income Trust Plans Monthly Dividend of $0.12 (NYSE:BGT)

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, June 5th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.1203 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

BlackRock Floating Rate Income Trust Price Performance

NYSE BGT opened at $10.69 on Monday. BlackRock Floating Rate Income Trust has a twelve month low of $10.22 and a twelve month high of $12.75. The company’s 50-day simple moving average is $10.76 and its 200 day simple moving average is $10.99.

About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust (NYSE: BGT) is a diversified, closed-end management investment company that seeks to generate current income by investing in floating rate debt instruments. Established and managed by BlackRock Advisors, the trust provides investors with exposure to senior secured loans, high-yield corporate debt, collateralized loan obligations (CLOs) and other floating rate credit products. By focusing on floating rate securities, the fund aims to offer protection against rising interest rates while pursuing consistent income generation.

The trust’s portfolio is constructed through an active, research-driven process led by a team of credit specialists within BlackRock’s Global Credit platform.