Somewhat Positive Press Coverage Somewhat Unlikely to Affect BlackRock Floating Rate Income Trust (BGT) Share Price

Media headlines about BlackRock Floating Rate Income Trust (NYSE:BGT) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. BlackRock Floating Rate Income Trust earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 48.3610262927804 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of BlackRock Floating Rate Income Trust (BGT) traded down 0.58% on Friday, hitting $13.71. 41,395 shares of the stock were exchanged. BlackRock Floating Rate Income Trust has a 1-year low of $13.10 and a 1-year high of $14.79. The stock’s 50-day moving average is $13.81 and its 200-day moving average is $14.21. The stock’s market cap is $324.45 million.

The company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.0583 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 5.10%.

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About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust (the Trust) is a non-diversified, closed-end management investment Company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

Insider Buying and Selling by Quarter for BlackRock Floating Rate Income Trust (NYSE:BGT)

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