BlackRock Floating Rate Income Trust (BGT) to Issue Monthly Dividend of $0.06 on January 9th

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Wednesday, December 20th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.0583 per share by the investment management company on Tuesday, January 9th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Thursday, December 28th.

BlackRock Floating Rate Income Trust has decreased its dividend by an average of 8.1% annually over the last three years.

BlackRock Floating Rate Income Trust (BGT) traded down $0.08 during trading hours on Wednesday, hitting $13.84. The stock had a trading volume of 43,330 shares, compared to its average volume of 70,129. BlackRock Floating Rate Income Trust has a 52-week low of $13.40 and a 52-week high of $14.79.

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About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust (the Trust) is a non-diversified, closed-end management investment Company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

Dividend History for BlackRock Floating Rate Income Trust (NYSE:BGT)

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