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

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Investors 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 annualized dividend and a yield of 10.84%. The ex-dividend date of this dividend is Monday, December 16th.

BlackRock Floating Rate Income Trust has raised its dividend by an average of 22.5% annually over the last three years.

BlackRock Floating Rate Income Trust Trading Down 0.3 %

BGT stock traded down $0.04 during midday trading on Friday, hitting $13.31. The company’s stock had a trading volume of 187,392 shares, compared to its average volume of 105,172. BlackRock Floating Rate Income Trust has a 12 month low of $12.01 and a 12 month high of $13.97. The company has a 50 day moving average of $13.07 and a two-hundred day moving average of $12.95.

BlackRock Floating Rate Income Trust Company Profile

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.