BlackRock Floating Rate Income Trust (BGT) to Issue Monthly Dividend of $0.12 on August 31st

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be given a dividend of 0.1203 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Friday, August 14th.

BlackRock Floating Rate Income Trust Price Performance

Shares of BGT stock opened at $11.07 on Wednesday. The firm has a 50 day moving average of $10.72 and a two-hundred day moving average of $10.89. BlackRock Floating Rate Income Trust has a 52 week low of $10.22 and a 52 week high of $12.57.

About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust (NYSE: BGT) is a diversified, closed-end management investment company that seeks to generate current income by investing in floating rate debt instruments. Established and managed by BlackRock Advisors, the trust provides investors with exposure to senior secured loans, high-yield corporate debt, collateralized loan obligations (CLOs) and other floating rate credit products. By focusing on floating rate securities, the fund aims to offer protection against rising interest rates while pursuing consistent income generation.

The trust’s portfolio is constructed through an active, research-driven process led by a team of credit specialists within BlackRock’s Global Credit platform.