BlackRock Floating Rate Income Trust (BGT) to Issue Monthly Dividend of $0.12 on March 31st

BlackRock Floating Rate Income Trust (NYSE:BGT) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.1203 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date is Friday, March 13th.

BlackRock Floating Rate Income Trust Stock Performance

NYSE:BGT traded up $0.03 during trading hours on Wednesday, reaching $10.75. The stock had a trading volume of 70,021 shares, compared to its average volume of 136,053. BlackRock Floating Rate Income Trust has a 52 week low of $10.21 and a 52 week high of $12.95. The company has a 50 day moving average price of $11.32 and a two-hundred day moving average price of $11.63.

BlackRock Floating Rate Income Trust Company Profile

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.