BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) To Go Ex-Dividend on August 14th

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Friday, June 5th. Stockholders of record on Friday, August 14th will be given a dividend of 0.1238 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Friday, August 14th.

BlackRock Floating Rate Income Strategies Fund Price Performance

FRA opened at $11.02 on Wednesday. BlackRock Floating Rate Income Strategies Fund has a 52-week low of $10.50 and a 52-week high of $13.41. The business’s fifty day moving average is $10.86 and its 200-day moving average is $11.08.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

Large investors have recently bought and sold shares of the company. Arax Advisory Partners lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 3.1% in the fourth quarter. Arax Advisory Partners now owns 29,664 shares of the investment management company’s stock valued at $349,000 after buying an additional 898 shares during the period. Janney Montgomery Scott LLC grew its holdings in BlackRock Floating Rate Income Strategies Fund by 8.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,482 shares of the investment management company’s stock worth $182,000 after acquiring an additional 1,248 shares during the period. Klingman & Associates LLC raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.1% in the 4th quarter. Klingman & Associates LLC now owns 46,456 shares of the investment management company’s stock worth $547,000 after acquiring an additional 1,408 shares in the last quarter. Wagner Wealth Management LLC raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.2% in the 1st quarter. Wagner Wealth Management LLC now owns 57,401 shares of the investment management company’s stock worth $633,000 after acquiring an additional 1,789 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 7.0% in the 4th quarter. Sanctuary Advisors LLC now owns 49,400 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 3,216 shares during the period.

BlackRock Floating Rate Income Strategies Fund Company Profile

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.