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

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors 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 dividend on an annualized basis 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 Performance

Shares of 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. The company has a 50 day simple moving average of $12.59 and a two-hundred day simple moving average of $12.82. BlackRock Floating Rate Income Trust has a twelve month low of $12.05 and a twelve month high of $13.97.

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.