BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) to Issue Monthly Dividend of $0.12 on March 31st

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.1238 per share by the investment management company on Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 11.47%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of NYSE:FRA traded up $0.06 during trading on Wednesday, hitting $12.96. 11,922 shares of the stock traded hands, compared to its average volume of 158,356. The company has a fifty day moving average price of $13.11 and a two-hundred day moving average price of $13.47. BlackRock Floating Rate Income Strategies Fund has a 52-week low of $12.16 and a 52-week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Company Profile

BlackRock Floating Rate Income Strategies Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.