BlackRock Floating Rate Income Strategies Fund, Inc. to Issue Monthly Dividend of $0.12 (NYSE:FRA)

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.1238 per share by the investment management company on Friday, August 30th. This represents a $1.49 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date is Thursday, August 15th.

BlackRock Floating Rate Income Strategies Fund Price Performance

NYSE:FRA traded up $0.02 on Wednesday, reaching $13.06. 34,922 shares of the company’s stock traded hands, compared to its average volume of 161,565. The stock has a 50-day simple moving average of $13.18 and a 200-day simple moving average of $13.03. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $11.45 and a 12 month high of $13.69.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.