BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) to Issue Monthly Dividend of $0.12 on October 31st

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) declared a monthly dividend on Thursday, September 12th, NASDAQ reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.1238 per share by the investment management company on Thursday, October 31st. This represents a $1.49 annualized dividend and a dividend yield of 10.90%. The ex-dividend date is Tuesday, October 15th.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of NYSE FRA traded down $0.07 during trading on Friday, hitting $13.64. The company had a trading volume of 121,537 shares, compared to its average volume of 154,308. BlackRock Floating Rate Income Strategies Fund has a 52 week low of $11.45 and a 52 week high of $13.78. The business’s 50-day moving average is $13.10 and its 200 day moving average is $13.13.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.