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

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be given a dividend of 0.1203 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Wednesday, July 15th.

BlackRock Floating Rate Income Trust Trading Down 0.0%

Shares of BlackRock Floating Rate Income Trust stock opened at $10.69 on Monday. BlackRock Floating Rate Income Trust has a 52-week low of $10.22 and a 52-week high of $12.75. The company has a 50 day moving average of $10.76 and a 200 day moving average of $10.99.

Institutional Investors Weigh In On BlackRock Floating Rate Income Trust

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of BlackRock Floating Rate Income Trust by 12.0% during the first quarter. Royal Bank of Canada now owns 46,577 shares of the investment management company’s stock worth $578,000 after purchasing an additional 4,997 shares in the last quarter. Cetera Investment Advisers purchased a new stake in BlackRock Floating Rate Income Trust in the 2nd quarter valued at $232,000. Baird Financial Group Inc. raised its position in BlackRock Floating Rate Income Trust by 33.2% in the 2nd quarter. Baird Financial Group Inc. now owns 160,791 shares of the investment management company’s stock valued at $2,013,000 after purchasing an additional 40,096 shares during the last quarter. Ausdal Financial Partners Inc. acquired a new stake in BlackRock Floating Rate Income Trust during the 2nd quarter worth $150,000. Finally, Jane Street Group LLC acquired a new stake in BlackRock Floating Rate Income Trust during the 2nd quarter worth $138,000.

BlackRock Floating Rate Income Trust Company Profile

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.