NYSE:BGTBlackRock Floating Rate Income Trust Stock Price, Forecast & News

$11.10

+0.17 (+1.56 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$10.90

Now: $11.10▼

$11.16

50-Day Range

$10.22

MA: $10.54▼

$10.97

52-Week Range

$7.20

Now: $11.10▼

$13.30

Volume80,100 shs

Average Volume119,939 shs

Market CapitalizationN/A

P/E RatioN/A

Dividend Yield0.06%

BetaN/A

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for BlackRock Floating Rate Income Trust.

2.5 Community Rank

Outperform Votes
BlackRock Floating Rate Income Trust has received 123 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
BlackRock Floating Rate Income Trust has received 119 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
BlackRock Floating Rate Income Trust has received 50.83% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about BlackRock Floating Rate Income Trust and other stocks. Vote “Outperform” if you believe BGT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BGT will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
BlackRock Floating Rate Income Trust is a leading dividend payer. It pays a dividend yield of 0.06%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
BlackRock Floating Rate Income Trust has only been increasing its dividend for 2 years.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BlackRock Floating Rate Income Trust insiders have not sold or bought any company stock.

0.0 Earnings and Valuation

Overall Beat the Market Rank^™

0.83 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Investment Trusts/Mutual Funds

Sub-IndustryN/A

SectorMiscellaneous

Current SymbolNYSE:BGT

Previous Symbol

CUSIPN/A

CIK1287480

Webwww.blackrock.com

Phone302-797-2000

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesN/A

Price / SalesN/A

Cash FlowN/A

Price / Cash FlowN/A

Book ValueN/A

Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

EmployeesN/A

Outstanding SharesN/A

Market CapN/A

Next Earnings DateN/A

OptionableNot Optionable

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BlackRock Floating Rate Income Trust (NYSE:BGT) Frequently Asked Questions

How has BlackRock Floating Rate Income Trust's stock been impacted by COVID-19 (Coronavirus)?

BlackRock Floating Rate Income Trust's stock was trading at $11.07 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BGT shares have increased by 0.3% and is now trading at $11.10. View which stocks have been most impacted by Coronavirus.

How often does BlackRock Floating Rate Income Trust pay dividends? What is the dividend yield for BlackRock Floating Rate Income Trust?

BlackRock Floating Rate Income Trust declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of $0.076 per share on Friday, May 29th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date of this dividend is Thursday, May 14th. View BlackRock Floating Rate Income Trust's dividend history.

Has BlackRock Floating Rate Income Trust been receiving favorable news coverage?

Media coverage about BGT stock has been trending very negative this week, InfoTrie reports. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. BlackRock Floating Rate Income Trust earned a coverage optimism score of -3.5 on InfoTrie's scale. They also assigned headlines about the investment management company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutBlackRock Floating Rate Income Trust.

Who are some of BlackRock Floating Rate Income Trust's key competitors?

Some companies that are related to BlackRock Floating Rate Income Trust include 1ST TR SR FR 20/COM (FIV), Aberdeen Income Credit Strategies Fund (ACP), Aberdeen International (AABVF), Aberdeen Total Dynamic Dividend Fund (AOD), AllianceBernstein Natnl Muncpl Incm Fnd. (AFB), ALLIANZGI CNV &/COM (CBH), Allianzgi Convertible & Income Fund (NCV), Allianzgi Convertible & Income Fund II (NCZ), Allianzgi NFJ Dividend int & Prm Stgy Fd (NFJ), Alpine Global Dynamic Dividend Fund (AGD), Apollo Tactical Income Fund (AIF), Ares Dynamic Credit Allocation Fund (ARDC), BLACKROCK 2022/COM (BGIO), Blackrock Coporate High Yield Fund (HYT) and Blackrock Credit Allocation Income Trust (BTZ). View all competitors.

What other stocks do shareholders of BlackRock Floating Rate Income Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackRock Floating Rate Income Trust investors own include Philip Morris International (PM), Blackstone Group (BX), Energy Transfer LP Unit (ET), PIMCO Corporate&Income Opportunity Fund (PTY), AT&T (T), Ares Capital (ARCC), Blackrock Taxable Municipal Bond Trust (BBN), Blackrock Utlts Infra&Pwr Oprtnt Trst (BUI), Citigroup (C) and Consolidated Edison (ED).

Who are BlackRock Floating Rate Income Trust's key executives?

BlackRock Floating Rate Income Trust's management team includes the following people:

Mr. John M. Perlowski, Chief Exec. Officer and Pres (Age 55)
Mr. Neal J. Andrews, Chief Financial Officer (Age 53)
Mr. Charles Choon Sik Park, Chief Compliance Officer and Anti-Money Laundering Officer (Age 52)
Mr. Mark J. Williams, Managing Director and Portfolio Mang.
Mr. Jay M. Fife, Treasurer (Age 49)

What is BlackRock Floating Rate Income Trust's stock symbol?

BlackRock Floating Rate Income Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "BGT."

Who are BlackRock Floating Rate Income Trust's major shareholders?

BlackRock Floating Rate Income Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include Saba Capital Management L.P. (0.00%), Baillie Gifford & Co. (0.00%), Invesco Ltd. (0.00%), Guggenheim Capital LLC (0.00%), Advisors Asset Management Inc. (0.00%) and Coastal Bridge Advisors LLC (0.00%). Company insiders that own BlackRock Floating Rate Income Trust stock include Henry Gabbay and May Peter. View institutional ownership trends for BlackRock Floating Rate Income Trust.

Which major investors are selling BlackRock Floating Rate Income Trust stock?

BGT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, RiverNorth Capital Management LLC, Virtus ETF Advisers LLC, Advisors Asset Management Inc., Commonwealth Equity Services LLC, Shaker Financial Services LLC, and Summit X LLC. View insider buying and selling activity for BlackRock Floating Rate Income Trust.

Which major investors are buying BlackRock Floating Rate Income Trust stock?

BGT stock was bought by a variety of institutional investors in the last quarter, including Saba Capital Management L.P., Invesco Ltd., Parametric Portfolio Associates LLC, Moors & Cabot Inc., RMB Capital Management LLC, Baird Financial Group Inc., Advisor Group Holdings Inc., and Integrated Capital Management Inc.. View insider buying and selling activity for BlackRock Floating Rate Income Trust.

How do I buy shares of BlackRock Floating Rate Income Trust?

Shares of BGT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is BlackRock Floating Rate Income Trust's stock price today?

One share of BGT stock can currently be purchased for approximately $11.10.

What is BlackRock Floating Rate Income Trust's official website?

The official website for BlackRock Floating Rate Income Trust is www.blackrock.com.

How can I contact BlackRock Floating Rate Income Trust?

BlackRock Floating Rate Income Trust's mailing address is 100 Bellevue Pkwy, WILMINGTON, DE 19809-3700, United States. The investment management company can be reached via phone at 302-797-2000.

This page was last updated on 6/2/2020 by MarketBeat.com Staff