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

BlackRock Floating Rate Income Trust (NYSE:BGT) declared a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Monday, April 15th will be paid a dividend of 0.12 per share by the investment management company on Tuesday, April 30th. This represents a $1.44 annualized dividend and a dividend yield of 10.94%. The ex-dividend date is Friday, April 12th.

BlackRock Floating Rate Income Trust has increased its dividend by an average of 12.8% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.

BlackRock Floating Rate Income Trust Trading Up 0.8 %

Shares of BlackRock Floating Rate Income Trust stock opened at $13.16 on Thursday. The company’s fifty day simple moving average is $12.91 and its 200-day simple moving average is $12.33. BlackRock Floating Rate Income Trust has a 1-year low of $10.95 and a 1-year high of $13.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Stephens Inc. AR boosted its stake in shares of BlackRock Floating Rate Income Trust by 6.6% during the 1st quarter. Stephens Inc. AR now owns 16,095 shares of the investment management company’s stock worth $180,000 after acquiring an additional 1,000 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of BlackRock Floating Rate Income Trust by 9.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 21,164 shares of the investment management company’s stock valued at $237,000 after buying an additional 1,830 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of BlackRock Floating Rate Income Trust by 10.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,193 shares of the investment management company’s stock valued at $275,000 after buying an additional 2,036 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of BlackRock Floating Rate Income Trust by 1.9% during the 4th quarter. Baird Financial Group Inc. now owns 139,087 shares of the investment management company’s stock valued at $1,522,000 after buying an additional 2,576 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of BlackRock Floating Rate Income Trust by 12.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 23,826 shares of the investment management company’s stock valued at $295,000 after buying an additional 2,680 shares in the last quarter.

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.