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Summary
BGT closed today lower at $11.06, a decrease of -0.8961% from yesterday's close, completing a monthly increase of 1.9355% or $0.21. Over the past 12 months, BGT stock lost -2.3831%.
BGT pays dividends to its shareholders, with the most recent payment made on Yesterday at 12:00 AM. The next announced payment will be in In 4 weeks on Sep 30, 2026 for a total of $0.12028.
The stock of the company had never split.
The company's stock is traded on 2 different exchanges and in various currencies, with the primary listing on NYSE (USD).
BGT Chart
BGT: Even Rate Hikes Won't Make This Fund's Distribution Sustainable
The BlackRock Floating Rate Income Trust offers a 13.36% yield but is not earning enough to cover its distribution. BGT's portfolio is heavily weighted toward speculative-grade senior loans, exposing it to higher default risk and potential volatility. Despite benefiting from rising rates, recent rate cuts have reduced BGT's income, and even expected hikes may not restore prior income levels.
Seekingalpha | 1 month ago
BlackRock Floating Rate Income Trust Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 34,255 | $365,160 | $373,036.95 | $7,876.95 | 2.16% |
| PB Patricia Buchholtz ECLECTIC ASSOCIATES Inc. /ADV | 15,096 | $162,396.16 | $163,489.68 | $1,093.52 | 0.67% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,000 | $10,760 | $11,080 | $320 | 2.97% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 34,417 | $378,140.14 | $373,768.62 | -$4,371.52 | -1.16% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 2,600 | $27,846 | $28,158 | $312 | 1.12% |
BlackRock Floating Rate Income Trust (BGT) FAQ
What is the stock price today?
The current price is $11.06.
On which exchange is it traded?
BlackRock Floating Rate Income Trust is listed on NYSE.
What is its stock symbol?
The ticker symbol is BGT.
Does it pay dividends? What is the current yield?
Yes, It pays dividends and the current yield is 0.78%.
What is its market cap?
As of today, the market cap is 331.35M.
Has BlackRock Floating Rate Income Trust ever had a stock split?
No, there has never been a stock split.
BlackRock Floating Rate Income Trust Profile
| NYSE Exchange | US Country |
BlackRock Floating Rate Income Trust, an investment vehicle established in the United States on August 30, 2004 (originally known as BlackRock Global Floating Rate Income Trust), operates as a closed-end mutual fund concentrating on fixed income. Jointly managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc., under the umbrella of BlackRock Inc., the Trust strategically allocates capital to fixed income instruments across international markets, with a significant emphasis on opportunities within the United States. Its portfolio primarily comprises corporate bonds issued by companies spanning various sectors. A key characteristic of its investment strategy is maintaining an average effective portfolio duration of no more than 1.5 years.
Contact Information
Address: 50 Hudson Yards
Phone: 212 810 5300
