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

BlackRock Floating Rate Income Trust (NYSE:BGT) declared a monthly dividend on Thursday, September 10th. Investors of record on Thursday, October 15th will be paid a dividend of 0.1203 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock Floating Rate Income Trust Stock Down 0.5%

Shares of BGT stock opened at $10.97 on Friday. The stock has a fifty day moving average of $10.87 and a 200 day moving average of $10.83. BlackRock Floating Rate Income Trust has a 52 week low of $10.22 and a 52 week high of $12.44.

Institutional Investors Weigh In On BlackRock Floating Rate Income Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC boosted its stake in shares of BlackRock Floating Rate Income Trust by 1.8% during the 4th quarter. Guggenheim Capital LLC now owns 1,516,493 shares of the investment management company’s stock valued at $17,182,000 after purchasing an additional 27,198 shares in the last quarter. LPL Financial LLC raised its stake in BlackRock Floating Rate Income Trust by 8.3% in the fourth quarter. LPL Financial LLC now owns 761,509 shares of the investment management company’s stock worth $8,628,000 after buying an additional 58,423 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in BlackRock Floating Rate Income Trust by 25.2% in the third quarter. Ameriprise Financial Inc. now owns 510,947 shares of the investment management company’s stock worth $6,208,000 after buying an additional 102,959 shares during the period. Readystate Asset Management LP purchased a new stake in BlackRock Floating Rate Income Trust in the fourth quarter worth about $5,003,000. Finally, Invesco Ltd. lifted its holdings in BlackRock Floating Rate Income Trust by 20.9% in the fourth quarter. Invesco Ltd. now owns 420,626 shares of the investment management company’s stock worth $4,766,000 after buying an additional 72,768 shares during the period.

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.