BlackRock Floating Rate Income Trust (BGT) To Go Ex-Dividend on June 15th

BlackRock Floating Rate Income Trust (NYSE:BGT) declared a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.1203 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Floating Rate Income Trust Price Performance

NYSE BGT traded down $0.01 during midday trading on Friday, hitting $10.75. The company had a trading volume of 59,679 shares, compared to its average volume of 126,039. The firm has a 50-day moving average price of $10.87 and a 200-day moving average price of $11.09. BlackRock Floating Rate Income Trust has a twelve month low of $10.22 and a twelve month high of $12.76.

Hedge Funds Weigh In On BlackRock Floating Rate Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its stake in shares of BlackRock Floating Rate Income Trust by 15.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 405,643 shares of the investment management company’s stock valued at $4,929,000 after purchasing an additional 53,124 shares during the last quarter. Shaker Financial Services LLC bought a new position in shares of BlackRock Floating Rate Income Trust in the 4th quarter valued at $565,000. Byrne Asset Management LLC bought a new position in shares of BlackRock Floating Rate Income Trust in the 4th quarter valued at $1,076,000. Absolute Investment Advisers LLC bought a new position in shares of BlackRock Floating Rate Income Trust in the 4th quarter valued at $2,276,000. Finally, Wolverine Asset Management LLC bought a new position in shares of BlackRock Floating Rate Income Trust in the 4th quarter valued at $1,337,000.

About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust (NYSE: BGT) is a diversified, closed-end management investment company that seeks to generate current income by investing in floating rate debt instruments. Established and managed by BlackRock Advisors, the trust provides investors with exposure to senior secured loans, high-yield corporate debt, collateralized loan obligations (CLOs) and other floating rate credit products. By focusing on floating rate securities, the fund aims to offer protection against rising interest rates while pursuing consistent income generation.

The trust’s portfolio is constructed through an active, research-driven process led by a team of credit specialists within BlackRock’s Global Credit platform.