BlackRock Floating Rate Income Trust (BGT) to Issue Monthly Dividend of $0.12 on December 23rd

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.1203 per share by the investment management company on Monday, December 23rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.84%. The ex-dividend date is Monday, December 16th.

BlackRock Floating Rate Income Trust has increased its dividend payment by an average of 22.5% per year over the last three years.

BlackRock Floating Rate Income Trust Price Performance

Shares of BGT stock traded down $0.04 on Friday, hitting $13.31. 187,392 shares of the company’s stock were exchanged, compared to its average volume of 105,172. The company has a 50 day moving average of $13.07 and a 200 day moving average of $12.95. BlackRock Floating Rate Income Trust has a 12 month low of $12.01 and a 12 month high of $13.97.

About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.