BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Declares $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, March 13th will be paid a dividend of 0.1238 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Friday, March 13th.

BlackRock Floating Rate Income Strategies Fund Stock Performance

NYSE:FRA traded up $0.01 during trading hours on Wednesday, hitting $10.98. The company’s stock had a trading volume of 20,078 shares, compared to its average volume of 219,183. BlackRock Floating Rate Income Strategies Fund has a 52-week low of $10.81 and a 52-week high of $13.41. The stock has a fifty day moving average of $11.65 and a 200-day moving average of $12.19.

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.