BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) to Distribute Monthly Dividend of $0.12 on August 31st

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) declared a monthly dividend on Friday, June 5th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.1238 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock Floating Rate Income Strategies Fund Stock Performance

BlackRock Floating Rate Income Strategies Fund stock opened at $11.04 on Wednesday. BlackRock Floating Rate Income Strategies Fund has a 1 year low of $10.50 and a 1 year high of $13.41. The firm’s 50 day moving average price is $10.86 and its two-hundred day moving average price is $11.08.

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.