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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, November 13th will be paid a dividend of 0.1238 per share by the investment management company on Monday, November 30th. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date is Friday, November 13th.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.8%

Shares of FRA opened at $10.76 on Friday. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $10.50 and a twelve month high of $13.29. The firm’s 50 day moving average price is $10.88 and its two-hundred day moving average price is $10.96.

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.