BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Announces $0.12 Monthly Dividend

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Friday, June 5th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.1238 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.7%. The ex-dividend date of this dividend is Wednesday, July 15th.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.1%

FRA opened at $10.88 on Monday. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.50 and a 12 month high of $13.41. The firm’s fifty day simple moving average is $10.99 and its 200 day simple moving average is $11.25.

BlackRock Floating Rate Income Strategies Fund Company Profile

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.