- BlackRock Floating Rate Income Trust Fund (BGT, Financial) sustains its monthly dividend payout.
- The forward yield for the fund is maintained at an attractive 11.63%.
- Key dates for investors: ex-dividend and record date both set for April 15, with payment on April 30.
BlackRock Floating Rate Income Trust Fund's Consistent Dividend Strategy
In a commitment to delivering steady income streams to its investors, the BlackRock Floating Rate Income Trust Fund (BGT) has declared it will uphold its monthly dividend disbursement of $0.1203 per share. This move secures a forward yield of 11.63%, establishing a compelling case for income-focused investors seeking stable returns.
Important Dates for Shareholders
For shareholders of BGT, crucial dates have been announced to ensure dividend eligibility. The record date is set for April 15, aligning with the ex-dividend date. Investors who wish to benefit from this month's dividend should ensure they are recorded as shareholders by this date. The actual dividend payment is slated for April 30.
Investment Insight
The decision by BlackRock Floating Rate Income Trust Fund to sustain its dividend reflects prudent management and a robust strategy aligned with investor expectations in the current economic climate. With a high yield offering, BGT remains a noteworthy consideration for those looking to capitalize on income-generating investments. As always, potential investors are advised to consider all aspects of their investment strategy and consult with financial advisors as needed.
