BlackRock Floating Rate Income Trust (NYSE:BGT) declared a monthly dividend on Monday, March 4th, Wall Street Journal reports. Investors of record on Friday, March 15th will be paid a dividend of 0.0618 per share by the investment management company on Friday, March 29th. This represents a $0.74 annualized dividend and a yield of 5.94%. The ex-dividend date is Thursday, March 14th.
BlackRock Floating Rate Income Trust has raised its dividend by an average of 0.8% per year over the last three years.
BGT traded down $0.01 during trading hours on Wednesday, hitting $12.48. 11,181 shares of the stock were exchanged, compared to its average volume of 111,648. BlackRock Floating Rate Income Trust has a 12 month low of $11.26 and a 12 month high of $14.13.
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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.
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