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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRAGet Free Report) announced a dividend on Thursday, February 1st, NASDAQ reports. Investors of record on Thursday, February 15th will be given a dividend of 0.1238 per share by the investment management company on Thursday, February 29th. The ex-dividend date of this dividend 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 Trading Up 0.3 %

NYSE:FRA traded up $0.04 on Friday, hitting $12.56. 108,084 shares of the company’s stock were exchanged, compared to its average volume of 161,234. The firm has a 50-day moving average price of $12.35 and a 200-day moving average price of $12.32. BlackRock Floating Rate Income Strategies Fund has a 52 week low of $11.11 and a 52 week high of $12.81.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley lifted its position in BlackRock Floating Rate Income Strategies Fund by 8.1% during the 4th quarter. Morgan Stanley now owns 1,316,417 shares of the investment management company’s stock worth $14,823,000 after buying an additional 98,222 shares in the last quarter. Guggenheim Capital LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 25.8% during the 1st quarter. Guggenheim Capital LLC now owns 658,830 shares of the investment management company’s stock worth $8,578,000 after buying an additional 135,082 shares in the last quarter. Advisors Asset Management Inc. lifted its position in BlackRock Floating Rate Income Strategies Fund by 7.5% during the 1st quarter. Advisors Asset Management Inc. now owns 380,902 shares of the investment management company’s stock worth $4,959,000 after buying an additional 26,682 shares in the last quarter. Truist Financial Corp lifted its position in BlackRock Floating Rate Income Strategies Fund by 44.0% during the 4th quarter. Truist Financial Corp now owns 343,718 shares of the investment management company’s stock worth $3,870,000 after buying an additional 105,013 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in BlackRock Floating Rate Income Strategies Fund by 7.5% during the 2nd quarter. Osaic Holdings Inc. now owns 327,352 shares of the investment management company’s stock worth $3,997,000 after buying an additional 22,793 shares in 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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