BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Announces $0.12 Monthly Dividend

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) declared a monthly dividend on Friday, January 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.1238 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Friday, February 13th.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of FRA opened at $11.74 on Wednesday. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.90 and a 12 month high of $13.41. The stock has a fifty day moving average price of $11.82 and a 200 day moving average price of $12.46.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Several hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter valued at about $27,000. CoreCap Advisors LLC increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 24.2% in the fourth quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock valued at $91,000 after purchasing an additional 1,500 shares during the period. International Assets Investment Management LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the second quarter valued at approximately $133,000. HighTower Advisors LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the fourth quarter valued at approximately $123,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 5.0% during the second quarter. Envestnet Asset Management Inc. now owns 17,585 shares of the investment management company’s stock worth $231,000 after buying an additional 837 shares during the period.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.