BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Free Report) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.1238 per share by the investment management company on Friday, May 31st. This represents a $1.49 annualized dividend and a yield of 11.33%. The ex-dividend date is Tuesday, May 14th.
BlackRock Floating Rate Income Strategies Fund has increased its dividend by an average of 23.6% per year over the last three years and has increased its dividend every year for the last 2 years.
BlackRock Floating Rate Income Strategies Fund Stock Performance
NYSE FRA opened at $13.12 on Friday. The business’s 50 day moving average is $12.95 and its two-hundred day moving average is $12.52. BlackRock Floating Rate Income Strategies Fund has a 12-month low of $11.43 and a 12-month high of $13.22.
About BlackRock Floating Rate Income Strategies Fund
BlackRock Floating Rate Income Strategies Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.
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