BlackRock Floating Rate Income Trust Declares Monthly Dividend of $0.06 (BGT)

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.0583 per share by the investment management company on Wednesday, February 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Wednesday, February 14th.

BlackRock Floating Rate Income Trust has decreased its dividend by an average of 11.0% per year over the last three years.

Shares of BlackRock Floating Rate Income Trust (NYSE:BGT) opened at $13.79 on Tuesday. 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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