BlackRock Floating Rate Income Trust (NYSE:BGT) Plans Monthly Dividend of $0.11

BlackRock Floating Rate Income Trust (NYSE:BGT) announced a monthly dividend on Wednesday, November 1st, NASDAQ reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.1136 per share by the investment management company on Thursday, November 30th. This represents a $1.36 annualized dividend and a dividend yield of 11.34%. The ex-dividend date of this dividend is Tuesday, November 14th.

BlackRock Floating Rate Income Trust has decreased its dividend by an average of 2.7% per year over the last three years and has raised its dividend annually for the last 2 consecutive years.

BlackRock Floating Rate Income Trust Stock Up 0.8 %

Shares of BGT stock opened at $12.02 on Monday. The stock has a 50-day simple moving average of $11.96 and a 200 day simple moving average of $11.68. BlackRock Floating Rate Income Trust has a fifty-two week low of $10.75 and a fifty-two week high of $12.32.

Hedge Funds Weigh In On BlackRock Floating Rate Income Trust

Several hedge funds have recently made changes to their positions in the business. CreativeOne Wealth LLC acquired a new stake in BlackRock Floating Rate Income Trust during the second quarter valued at approximately $239,000. Wells Fargo & Company MN boosted its stake in shares of BlackRock Floating Rate Income Trust by 6.4% during the 2nd quarter. Wells Fargo & Company MN now owns 61,808 shares of the investment management company’s stock worth $721,000 after acquiring an additional 3,705 shares in the last quarter. MML Investors Services LLC bought a new stake in shares of BlackRock Floating Rate Income Trust during the 2nd quarter worth $1,075,000. Baird Financial Group Inc. raised its position in shares of BlackRock Floating Rate Income Trust by 4.0% during the second quarter. Baird Financial Group Inc. now owns 147,355 shares of the investment management company’s stock worth $1,718,000 after purchasing an additional 5,668 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of BlackRock Floating Rate Income Trust during the second quarter valued at $35,000.

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.