BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) to Issue Monthly Dividend of $0.12 on January 30th

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.1238 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Tuesday, January 20th.

BlackRock Floating Rate Income Strategies Fund Stock Performance

FRA stock opened at $12.10 on Friday. The company has a 50-day moving average of $11.87 and a two-hundred day moving average of $12.63. BlackRock Floating Rate Income Strategies Fund has a 52-week low of $10.90 and a 52-week high of $13.41.

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.