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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRAGet Free Report) declared a monthly dividend on Wednesday, April 3rd, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.1238 per share by the investment management company on Tuesday, April 30th. This represents a $1.49 dividend on an annualized basis and a yield of 11.41%. The ex-dividend date of this dividend is Friday, April 12th.

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

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of FRA traded down $0.06 during trading hours on Wednesday, hitting $13.03. The company had a trading volume of 151,985 shares, compared to its average volume of 167,936. The business has a fifty day moving average of $12.80 and a 200-day moving average of $12.44. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $11.43 and a 12 month high of $13.11.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the third quarter worth approximately $36,000. Captrust Financial Advisors acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 2nd quarter worth $71,000. LM Advisors LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth $86,000. IHT Wealth Management LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the third quarter valued at about $123,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in BlackRock Floating Rate Income Strategies Fund during the second quarter worth about $125,000.

BlackRock Floating Rate Income Strategies Fund Company Profile

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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.

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Dividend History for BlackRock Floating Rate Income Strategies Fund (NYSE:FRA)

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