BGT News and Press, BlackRock Floating Rate Income Trust From 03/05/23

2023-03-05 09:15:00 ET Summary XFLT yields 12.64% and pays monthly. We cover several other monthly floating rate CEFs. Performance, yields, and current discounts are compared for all of these funds. Looking for ways to benefit from floating rates? There are a number of f...

Summary Floating rate debt should remain in demand as the Fed continues to raise its benchmark rate. Further, the market is starting to come to terms with the fact that rates will be "higher for longer". BGT has a sizable discount to NAV, which is actually wider than where it was du...

BlackRock Floating Rate Income Trust ( NYSE: BGT ) declares $0.1083/share monthly dividend , 38.7% increase from prior dividend of $0.0781. Forward yield 11.16% Payable March 31; for shareholders of record March 15; ex-div March 14. See BGT Dividend Scorecard, Yi...

Summary While interest rate hikes might be nearing an end, there are still some left to go that floating rate funds can benefit from. FRA continues to trade at an attractive discount, making it a potential option for investors to consider. They can bump up their distribution for sha...

BlackRock Floating Rate Income Trust ( NYSE: BGT ) declares $0.0781/share monthly dividend , in line with previous. Forward yield 8.37% Payable Jan. 31; for shareholders of record Jan. 13; ex-div Jan. 12. See BGT Dividend Scorecard, Yield Chart, & Dividend Growth...

BlackRock Advisors, LLC (“BlackRock”) will host a conference call on Thursday, December 1, 2022 at 2:00pm ET featuring portfolio managers Russ Koesterich, Phil Ruvinsky, and Mitchell Garfin. Funds that will be covered: BlackRock Capital Allocation Trust (NYSE: BCAT) ...

BlackRock Floating Rate Income Trust ( NYSE: BGT ) had declared $0.0781/share monthly dividend , in line with previous. Forward yield 8.21% Payable Nov. 30; for shareholders of record Nov. 15; ex-div Nov. 14. See BGT Dividend Scorecard, Yield Chart, & Div...

Summary The market has had a tough go of things in 2022, with a few exceptions. As we move into a new calendar year, I see some changes on the horizon. Fixed income, in particular, could get a rebound. While I would be reluctant to get too hawkish right now since the Fed (and othe...

Summary BlackRock announced its latest distributions earlier this month, with several boosts and cuts. Of those that boosted, two of those were FRA and BGT. Both funds have floating rate exposure, so the boosts were expected. Written by Nick Ackerman, co-produced by St...

BlackRock Floating Rate Income Trust ( NYSE: BGT ) declares $0.0781/share monthly dividend , 20.7% increase from prior dividend of $0.0647. Forward yield 8.54% Payable Oct. 31; for shareholders of record Oct. 14; ex-div Oct. 13. See BGT Dividend Scorecard...