BlackRock Floating Rate Income Strategies Fund, Inc.

BlackRock Floating Rate Income Strategies Fund, Inc.verified

FRA

Price:

$13.11

Market Cap:

$461.89M

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. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are rated below investment grade. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on October 31, 2003 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2003-10-29

Stock Exchange

NYSE

Ticker

FRA

The Dividend Yield as of September 2024 (TTM) for BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) is 11.23%

According to BlackRock Floating Rate Income Strategies Fund, Inc.’s latest financial reports and current stock price. The company's current Dividend Yield is 11.23%. This represents a change of 135.30% compared to the average of 4.77% of the last 4 quarters.

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Historical Dividend Yield (quarterly & annually)

How has FRA Dividend Yield performed in the past?

The mean historical Dividend Yield of BlackRock Floating Rate Income Strategies Fund, Inc. over the last ten years is 7.03%. The current 11.23% Dividend Yield has changed 59.74% with respect to the historical average. Over the past ten years (40 quarters), FRA's Dividend Yield was at its highest in in the June 2024 quarter at 5.66%. The Dividend Yield was at its lowest in in the May 2017 quarter at 1.27%.

Quarterly (TTM)
Annual

Average

7.03%

Median

6.25%

Minimum

5.41%

Maximum

10.44%

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of BlackRock Floating Rate Income Strategies Fund, Inc. 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 = 44.13%

Maximum Annual Dividend Yield = 10.44%

Minimum Annual Increase = -41.55%

Minimum Annual Dividend Yield = 5.41%

Quarterly (TTM)
Annual
YearDividend YieldChange
202310.44%39.68%
20227.47%25.37%
20215.96%-41.55%
202010.20%44.13%
20197.08%30.79%
20185.41%-6.31%
20175.77%5.18%
20165.49%-12.44%
20156.27%0.64%
20146.23%3.70%

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Average Dividend Yield

How has FRA Dividend Yield performed in the past?

The current Dividend Yield of BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) 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

7.96%

5-year avg

8.23%

10-year avg

7.03%

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Dividend Yield vs. Peers

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

BlackRock Floating Rate Income Strategies Fund, Inc.’s Dividend Yield is less than BlackRock Floating Rate Income Trust (11.11%), greater than Nuveen Floating Rate Income Opportunity Fund (0%), less than Eaton Vance Floating-Rate Income Trust (11.20%), less than Eaton Vance Senior Floating-Rate Trust (11.20%), less than Nuveen Floating Rate Income Fund (11.58%),

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Frequently asked questions❓

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