BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Plans $0.12 Monthly Dividend

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be paid a dividend of 0.1238 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Friday, August 14th.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of FRA opened at $11.04 on Wednesday. The stock has a fifty day moving average price of $10.86 and a 200 day moving average price of $11.08. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.50 and a 12 month high of $13.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the fourth quarter valued at approximately $39,000. Fifth Third Bancorp bought a new position in BlackRock Floating Rate Income Strategies Fund in the 1st quarter worth approximately $44,000. HighTower Advisors LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at approximately $123,000. Alpine Global Management LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at $131,000. Finally, Janney Montgomery Scott LLC raised its stake in BlackRock Floating Rate Income Strategies Fund by 8.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,482 shares of the investment management company’s stock valued at $182,000 after acquiring an additional 1,248 shares in the last quarter.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.