BlackRock Floating Rate Income Trust said on April 3, 2023 that its board of directors declared a regular
monthly dividend of $0.11 per share ($1.30 annualized).
Previously, the company paid $0.11 per share.
Shares must be purchased before the ex-div date of April 13, 2023 to qualify for the dividend.
Shareholders of record as of April 14, 2023
will receive the payment on April 28, 2023.
At the current share price of $11.40 / share,
the stock’s dividend yield is 11.40%.
Looking back five years and taking a sample every week, the average dividend yield has been
7.03%,
the lowest has been 5.06%,
and the highest has been 11.85%.
The standard deviation of yields is 1.19 (n=196).
The current dividend yield is
3.67 standard deviations
above
the historical average.
The company’s 3-Year dividend growth rate is 0.42%,
demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 74 funds or institutions reporting positions in BlackRock Floating Rate Income Trust.
This is a decrease
of
2
owner(s) or 2.63% in the last quarter.
Average portfolio weight of all funds dedicated to BGT is 0.15%,
an increase
of 40.70%.
Total shares owned by institutions increased
in the last three months by 13.09% to 6,944K shares.
What are Other Shareholders Doing?
Baird Financial Group
holds 139K shares.
In it’s prior filing, the firm reported owning 137K shares, representing
an increase
of 1.85%.
The firm
decreased
its portfolio allocation in BGT by 8.28% over the last quarter.
Pinnacle Associates
holds 38K shares.
In it’s prior filing, the firm reported owning 38K shares, representing
an increase
of 0.02%.
The firm
decreased
its portfolio allocation in BGT by 4.29% over the last quarter.
Proequities
holds 2K shares.
No change in the last quarter.
Oaktree Capital Management
holds 261K shares.
In it’s prior filing, the firm reported owning 240K shares, representing
an increase
of 7.97%.
The firm
increased
its portfolio allocation in BGT by 4.82% over the last quarter.
Geneos Wealth Management
holds 6K shares.
In it’s prior filing, the firm reported owning 7K shares, representing
a decrease
of 5.60%.
The firm
decreased
its portfolio allocation in BGT by 15.21% over the last quarter.
BlackRock Floating Rate Income Trust Background Information
(This description is provided by the company.)
The primary investment objective of the BlackRock Floating Rate Income Portfolio (the “Floating Rate Income Portfolio”or the “Fund”) is to seek to provide high current income, with a secondary objective of long-term capital appreciation.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
