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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.1238 per share by the investment management company on Friday, October 30th. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.8%

BlackRock Floating Rate Income Strategies Fund stock opened at $10.76 on Friday. BlackRock Floating Rate Income Strategies Fund has a 52 week low of $10.50 and a 52 week high of $13.29. The business’s 50-day moving average price is $10.88 and its 200 day moving average price is $10.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Readystate Asset Management LP purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at approximately $5,774,000. Balyasny Asset Management L.P. purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at about $2,772,000. Cerity Partners LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth about $2,533,000. Lalia Capital LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at approximately $2,093,000. Finally, Absolute Investment Advisers LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 1st quarter valued at approximately $1,204,000.

BlackRock Floating Rate Income Strategies Fund Company Profile

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.