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

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.1203 per share by the investment management company on Friday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 11.12%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Floating Rate Income Trust has increased its dividend by an average of 22.5% annually over the last three years.

BlackRock Floating Rate Income Trust Price Performance

BGT remained flat at $12.98 on Thursday. 2,218 shares of the company were exchanged, compared to its average volume of 102,981. The firm has a 50 day moving average price of $12.94 and a two-hundred day moving average price of $12.96. BlackRock Floating Rate Income Trust has a one year low of $11.77 and a one year high of $13.97.

About BlackRock Floating Rate Income Trust

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.