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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be paid a dividend of 0.1238 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Tuesday, January 20th.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of FRA opened at $12.10 on Friday. The firm has a 50-day moving average of $11.87 and a 200-day moving average of $12.63. BlackRock Floating Rate Income Strategies Fund has a one year low of $10.90 and a one year high of $13.41.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

A number of hedge funds have recently made changes to their positions in FRA. Sound Income Strategies LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 3rd quarter worth approximately $27,000. CoreCap Advisors LLC boosted its position in BlackRock Floating Rate Income Strategies Fund by 24.2% during the fourth quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock worth $91,000 after purchasing an additional 1,500 shares during the period. International Assets Investment Management LLC bought a new position in BlackRock Floating Rate Income Strategies Fund during the second quarter worth $133,000. Envestnet Asset Management Inc. increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 17,585 shares of the investment management company’s stock valued at $231,000 after purchasing an additional 837 shares during the last quarter. Finally, Verus Capital Partners LLC raised its position in shares of BlackRock Floating Rate Income Strategies Fund by 20.0% in the third quarter. Verus Capital Partners LLC now owns 18,000 shares of the investment management company’s stock valued at $234,000 after purchasing an additional 3,000 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.