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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRAGet Free Report) declared a monthly dividend on Thursday, February 1st, NASDAQ reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.1238 per share by the investment management company on Thursday, February 29th. This represents a $1.49 annualized dividend and a dividend yield of 11.66%. The ex-dividend date is Wednesday, February 14th.

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

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $12.74 on Monday. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $11.11 and a twelve month high of $12.81. The company’s fifty day moving average is $12.42 and its 200 day moving average is $12.33.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Institutional investors have recently modified their holdings of the business. Comerica Bank bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter worth $36,000. Captrust Financial Advisors bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the second quarter worth $71,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the second quarter worth $125,000. IHT Wealth Management LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund during the third quarter valued at $123,000. Finally, Steward Partners Investment Advisory LLC boosted its position in BlackRock Floating Rate Income Strategies Fund by 13.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,280 shares of the investment management company’s stock valued at $127,000 after acquiring an additional 1,363 shares during the last quarter.

About BlackRock Floating Rate Income Strategies Fund

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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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