BlackRock Floating Rate Income SFI (FRA) Declares $0.06 Monthly Dividend
BlackRock Floating Rate Income SFI (NYSE:FRA) announced a monthly dividend on Tuesday, September 4th, NASDAQ reports. Investors of record on Friday, September 14th will be given a dividend of 0.064 per share by the investment management company on Friday, September 28th. This represents a $0.77 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Thursday, September 13th.
BlackRock Floating Rate Income SFI has decreased its dividend by an average of 7.3% per year over the last three years.
NYSE FRA traded down $0.01 during trading hours on Friday, hitting $13.76. The company’s stock had a trading volume of 111,982 shares, compared to its average volume of 164,724. BlackRock Floating Rate Income SFI has a 12 month low of $13.69 and a 12 month high of $14.63.
BlackRock Floating Rate Income Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments.
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