BlackRock Floating Rate Income Trust (NYSE:BGT) to Issue $0.12 Monthly Dividend

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.1203 per share by the investment management company on Monday, December 23rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.84%. The ex-dividend date of this dividend is Monday, December 16th.

BlackRock Floating Rate Income Trust has raised its dividend payment by an average of 22.5% per year over the last three years.

BlackRock Floating Rate Income Trust Price Performance

NYSE BGT traded down $0.04 during mid-day trading on Friday, reaching $13.31. The stock had a trading volume of 187,392 shares, compared to its average volume of 105,172. The company has a fifty day moving average price of $13.07 and a 200 day moving average price of $12.95. BlackRock Floating Rate Income Trust has a 1 year low of $12.01 and a 1 year high of $13.97.

BlackRock Floating Rate Income Trust Company Profile

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.