BlackRock Floating Rate Income Trust (NYSE:BGT) Announces $0.12 Monthly Dividend

BlackRock Floating Rate Income Trust (NYSE:BGT) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.1203 per share by the investment management company on Wednesday, April 30th. This represents a $1.44 annualized dividend and a yield of 11.80%. The ex-dividend date is Tuesday, April 15th.

BlackRock Floating Rate Income Trust has increased its dividend by an average of 23.9% annually over the last three years.

BlackRock Floating Rate Income Trust Stock Down 0.8 %

Shares of NYSE BGT traded down $0.09 during midday trading on Thursday, hitting $12.24. The stock had a trading volume of 144,253 shares, compared to its average volume of 149,895. BlackRock Floating Rate Income Trust has a fifty-two week low of $12.05 and a fifty-two week high of $13.97. The company’s 50-day simple moving average is $12.59 and its 200 day simple moving average is $12.82.

BlackRock Floating Rate Income Trust Company Profile

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.