Somewhat Positive News Coverage Somewhat Unlikely to Affect BlackRock Floating Rate Income Trust (BGT) Share Price
Media headlines about BlackRock Floating Rate Income Trust (NYSE:BGT) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. BlackRock Floating Rate Income Trust earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 46.9316463410727 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of BlackRock Floating Rate Income Trust (NYSE BGT) opened at $13.92 on Wednesday. BlackRock Floating Rate Income Trust has a 12 month low of $13.40 and a 12 month high of $14.79.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Friday, December 29th will be paid a $0.0583 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, December 28th.
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BlackRock Floating Rate Income Trust Company Profile
BlackRock Floating Rate Income Trust (the Trust) is a non-diversified, closed-end management investment Company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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