News stories about BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research group, a service of Accern, ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. BlackRock Floating Rate Income Strat. Fn earned a media sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also assigned news headlines about the investment management company an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the next few days.
Shares of BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) traded up 0.28% during trading on Friday, reaching $14.37. The company had a trading volume of 98,134 shares. BlackRock Floating Rate Income Strat. Fn has a 12 month low of $12.91 and a 12 month high of $14.85. The stock has a 50 day moving average price of $14.37 and a 200 day moving average price of $14.37.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Thursday, May 11th.
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About BlackRock Floating Rate Income Strat. Fn
BlackRock Floating Rate Income Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments.
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