BlackRock Floating Rate Income Trust (XBGTX)
Market Open
14 Aug, 13:31
NASDAQ NYSE Primary NASDAQ $
11. 07
-0.11
-0.9839%
$
- Market Cap
0.78% Div Yield
0 Volume
$ 11.18
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Summary
XBGTX trading today lower at $11.07, a decrease of -0.9839% from yesterday's close, completing a monthly decrease of -0.8065% or -$0.09. Over the past 12 months, XBGTX stock lost -6.5034%.
XBGTX pays dividends to its shareholders, with the most recent payment made on Jun 28, 2019. The next estimated payment will be in 28 Jul 2019 on Jul 28, 2019 for a total of $0.062.
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).
XBGTX 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 | 2 weeks ago
BlackRock Floating Rate Income Trust (XBGTX) FAQ
What is the stock price today?
The current price is $11.07.
On which exchange is it traded?
BlackRock Floating Rate Income Trust is listed on NASDAQ.
What is its stock symbol?
The ticker symbol is XBGTX.
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, no market cap data is available.
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
| NASDAQ 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
