BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) announced a monthly dividend on Tuesday, September 5th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.061 per share by the investment management company on Friday, September 29th. This represents a $0.73 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Thursday, September 14th.
BlackRock Floating Rate Income Strat. Fn has decreased its dividend by an average of 7.2% per year over the last three years.
Shares of BlackRock Floating Rate Income Strat. Fn (NYSE FRA) traded down 0.71% on Tuesday, reaching $14.02. 113,500 shares of the company traded hands. BlackRock Floating Rate Income Strat. Fn has a 1-year low of $13.36 and a 1-year high of $14.85. The company has a 50-day moving average of $14.10 and a 200-day moving average of $14.32.
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About BlackRock Floating Rate Income Strat. Fn
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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