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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Friday, January 2nd. Investors of record on Friday, February 13th will be given a dividend of 0.1238 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Friday, February 13th.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.3%

NYSE:FRA traded up $0.04 during trading hours on Wednesday, reaching $11.75. 28,037 shares of the company’s stock were exchanged, compared to its average volume of 235,749. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.90 and a 12 month high of $13.41. The business’s 50-day simple moving average is $11.82 and its two-hundred day simple moving average is $12.46.

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.