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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) declared a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.1238 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.9%

Shares of BlackRock Floating Rate Income Strategies Fund stock traded up $0.10 during midday trading on Friday, reaching $11.80. 335,731 shares of the company’s stock traded hands, compared to its average volume of 150,817. BlackRock Floating Rate Income Strategies Fund has a 52 week low of $10.90 and a 52 week high of $14.30. The company’s 50 day simple moving average is $12.14 and its 200 day simple moving average is $12.77.

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.