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

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, February 27th. Investors of record on Friday, May 15th will be given a dividend of 0.1203 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date is Friday, May 15th.

BlackRock Floating Rate Income Trust Trading Down 0.2%

NYSE:BGT opened at $10.93 on Wednesday. BlackRock Floating Rate Income Trust has a 1 year low of $10.22 and a 1 year high of $12.76. The firm’s fifty day simple moving average is $10.84 and its 200 day simple moving average is $11.21.

Institutional Trading of BlackRock Floating Rate Income Trust

Several hedge funds have recently added to or reduced their stakes in BGT. Atlantic Union Bankshares Corp acquired a new position in shares of BlackRock Floating Rate Income Trust during the third quarter worth approximately $26,000. Steward Partners Investment Advisory LLC grew its stake in shares of BlackRock Floating Rate Income Trust by 77.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,200 shares of the investment management company’s stock worth $36,000 after acquiring an additional 1,400 shares during the last quarter. EFG International AG bought a new position in BlackRock Floating Rate Income Trust during the fourth quarter worth $52,000. Cassaday & Co Wealth Management LLC bought a new position in BlackRock Floating Rate Income Trust during the first quarter worth $60,000. Finally, Kestra Advisory Services LLC acquired a new position in BlackRock Floating Rate Income Trust during the 4th quarter valued at $73,000.

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.