Shares of BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.87 and traded as high as $13.12. BlackRock Floating Rate Income Trust shares last traded at $13.03, with a volume of 117,923 shares traded.
BlackRock Floating Rate Income Trust Stock Performance
The stock’s 50 day simple moving average is $12.87 and its two-hundred day simple moving average is $12.94.
BlackRock Floating Rate Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.1203 dividend. This represents a $1.44 annualized dividend and a dividend yield of 11.08%. The ex-dividend date is Tuesday, October 15th.
Institutional Investors Weigh In On BlackRock Floating Rate Income Trust
BlackRock Floating Rate Income Trust Company Profile
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.
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