BlackRock Floating Rate Income Trust Announces Monthly Dividend of $0.12 (NYSE:BGT)

BlackRock Floating Rate Income Trust (NYSE:BGT) declared a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be given a dividend of 0.1203 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date is Wednesday, July 15th.

BlackRock Floating Rate Income Trust Trading Down 0.0%

NYSE:BGT opened at $10.69 on Monday. BlackRock Floating Rate Income Trust has a 1 year low of $10.22 and a 1 year high of $12.75. The firm’s fifty day simple moving average is $10.76 and its 200 day simple moving average is $10.99.

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.