BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trustverified

BGT

Price:

$12.96

Market Cap:

$291.55M

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. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2004-08-30

Stock Exchange

NYSE

Ticker

BGT

The Dividend Yield as of November 2024 (TTM) for BlackRock Floating Rate Income Trust (BGT) is 11.14%

According to BlackRock Floating Rate Income Trust’s latest financial reports and current stock price. The company's current Dividend Yield is 11.14%. This represents a change of 175.57% compared to the average of 4.04% of the last 4 quarters.

BlackRock Floating Rate Income Trust (BGT) Historical Dividend Yield (quarterly & annually)

How has BGT Dividend Yield performed in the past?

The mean historical Dividend Yield of BlackRock Floating Rate Income Trust over the last ten years is 6.66%. The current 11.14% Dividend Yield has changed 67.22% with respect to the historical average. Over the past ten years (40 quarters), BGT's Dividend Yield was at its highest in in the December 2023 quarter at 5.57%. The Dividend Yield was at its lowest in in the December 2019 quarter at 1.21%.

Quarterly (TTM)
Annual

Average

6.66%

Median

6.37%

Minimum

5.15%

Maximum

10.36%

BlackRock Floating Rate Income Trust (BGT) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of BlackRock Floating Rate Income Trust Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 39.09%

Maximum Annual Dividend Yield = 10.36%

Minimum Annual Increase = -29.05%

Minimum Annual Dividend Yield = 5.15%

Quarterly (TTM)
Annual
YearDividend YieldChange
202310.36%39.09%
20227.45%35.12%
20215.51%-29.05%
20207.77%17.10%
20196.64%18.30%
20185.61%4.61%
20175.36%4.10%
20165.15%-18.86%
20156.35%-0.60%
20146.39%-12.21%

BlackRock Floating Rate Income Trust (BGT) Average Dividend Yield

How has BGT Dividend Yield performed in the past?

The current Dividend Yield of BlackRock Floating Rate Income Trust (BGT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

7.78%

5-year avg

7.55%

10-year avg

6.66%

BlackRock Floating Rate Income Trust (BGT) Dividend Yield vs. Peers

How is BGT’s Dividend Yield compared to its peers?

BlackRock Floating Rate Income Trust’s Dividend Yield is less than Nuveen Mortgage and Income Fund (0%), less than Nuveen Senior Income Fund (10.04%), greater than Nuveen Floating Rate Income Opportunity Fund (0%), greater than Apollo Senior Floating Rate Fund Inc. (0%), less than Eaton Vance Senior Income Trust (9.85%), less than Pioneer Floating Rate Fund, Inc. (11.15%), less than Virtus Convertible & Income 2024 Target Term Fund (11.23%), less than Eaton Vance Floating-Rate Income Trust (2.68%), less than NXG NextGen Infrastructure Income Fund (10.64%), less than GAMCO Natural Resources, Gold & Income Trust (13.10%), less than MFS Investment Grade Municipal Trust (6.53%), less than Western Asset Global High Income Fund Inc. (3.74%), less than BlackRock Floating Rate Income Strategies Fund, Inc. (12.37%), less than Calamos Convertible and High Income Fund (10.68%), less than Blackstone/GSO Strategic Credit Fund (9.74%), less than null (9.17%),

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Frequently asked questions❓

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How does the current Dividend Yield for BlackRock Floating Rate Income Trust (BGT) compare to its historical average?