About BlackRock Floating Rate Income Strategies Fund (NYSE:FRA)
BlackRock Floating Rate Income Strategies Fund, Inc. is a diversified, closed-end management investment company. The Fund's investment objective is to provide shareholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments. It seeks to achieve its investment objective by investing at least 80% of its managed assets in floating rate debt securities, including floating or variable rate debt securities that pay interest at rates that adjust whenever a specified interest rate changes and/or which reset on predetermined dates. It invests a substantial portion of its investments in floating rate debt securities consisting of secured or unsecured senior floating rate loans that are rated below investment grade or, if unrated, are considered by the investment advisor to be of comparable quality. Its investment advisor is BlackRock Advisors, LLC.
Industry, Sector and Symbol
Industry N/A
Sub-IndustryN/A
SectorN/A
SymbolNYSE:FRA
CUSIPN/A
Phone+1-800-4417762
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 / CashN/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 Shares37,230,000
BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Frequently Asked Questions
What is BlackRock Floating Rate Income Strategies Fund's stock symbol?
BlackRock Floating Rate Income Strategies Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "FRA."
How often does BlackRock Floating Rate Income Strategies Fund pay dividends? What is the dividend yield for BlackRock Floating Rate Income Strategies Fund?
BlackRock Floating Rate Income Strategies Fund declared a monthly dividend on Tuesday, April 3rd. Shareholders of record on Monday, April 16th will be given a dividend of $0.061 per share on Monday, April 30th. This represents a $0.73 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Friday, April 13th. View BlackRock Floating Rate Income Strategies Fund's Dividend History.
Who are some of BlackRock Floating Rate Income Strategies Fund's key competitors?
Some companies that are related to BlackRock Floating Rate Income Strategies Fund include Standard Motor Products (SMP), Wesco Aircraft (WAIR), Saul Centers (BFS), PROS (PRO), Buckle (BKE), Foreign Trade Bank of Latin America (BLX), Hi Crush Partners (HCLP), TPG Specialty Lending (TSLX), Tutor Perini (TPC), Gray Television (GTN), Inland Real Estate (IRC), Trina Solar (TSL), Kadant (KAI), Fitbit (FIT), Continental Building (CBPX), Pennymac Mortgage Investment (PMT), Rouse Properties (RSE) and KEMET (KEM).
Who are BlackRock Floating Rate Income Strategies Fund's key executives?
BlackRock Floating Rate Income Strategies Fund's management team includes the folowing people:
- Richard E. Cavanagh, Independent Chairman of the Board of Trustees (Age 72)
- John M. Perlowski, President, Chief Executive Officer, Trustee (Age 54)
- Karen P. Robards, Independent Vice Chairman of the Board of Trustees (Age 68)
- Neal J. Andrews, Chief Financial Officer (Age 52)
- Charles Park J.D., Chief Compliance Officer (“CCO”) and Anti-Money Laundering Officer (Age 51)
- Robert W. Crothers, Vice President (Age 37)
- Jay M. Fife, Treasurer (Age 48)
- Janey Ahn, Secretary (Age 43)
- Michael J. Castellano, Independent Trustee (Age 72)
- Frank J. Fabozzi CPA, Independent Trustee (Age 70)
Has BlackRock Floating Rate Income Strategies Fund been receiving favorable news coverage?
News coverage about FRA stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. BlackRock Floating Rate Income Strategies Fund earned a media sentiment score of 0.07 on Accern's scale. They also gave news coverage about the investment management company an impact score of 46.49 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
How do I buy shares of BlackRock Floating Rate Income Strategies Fund?
Shares of FRA 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, Scottrade, Fidelity and Charles Schwab.
What is BlackRock Floating Rate Income Strategies Fund's stock price today?
One share of FRA stock can currently be purchased for approximately $14.46.
How big of a company is BlackRock Floating Rate Income Strategies Fund?
BlackRock Floating Rate Income Strategies Fund has a market capitalization of $543.97 million.
How can I contact BlackRock Floating Rate Income Strategies Fund?
BlackRock Floating Rate Income Strategies Fund's mailing address is 100 Bellevue Pkwy, WILMINGTON, DE 19809-3700, United States. The investment management company can be reached via phone at +1-800-4417762.
MarketBeat Community Rating for BlackRock Floating Rate Income Strategies Fund (FRA)
MarketBeat's community ratings are surveys of what our community members think about BlackRock Floating Rate Income Strategies Fund and other stocks. Vote "Outperform" if you believe FRA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FRA will underperform the S&P 500 over the long term. You may vote once every thirty days.
BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Analyst Ratings History
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
(Data available from 4/22/2016 forward)
BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Dividend Information
BlackRock Floating Rate Income Strategies Fund pays an annual dividend of $0.73 per share, with a dividend yield of 5.05%. FRA's next monthly dividend payment will be made on Monday, April 30.
| Next Dividend: | 4/30/2018 |
| Annual Dividend: | $0.73 |
| Dividend Yield: | 5.05% |
| Dividend Growth: | -7.30% (3 Year Average) |
| Payout Ratio: | N/A |
| Frequency: | Monthly Dividend |
BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/3/2018 | monthly | $0.0610 | 5.05% | 4/13/2018 | 4/16/2018 | 4/30/2018 |
| 3/5/2018 | monthly | $0.0610 | 5.02% | 3/14/2018 | 3/15/2018 | 3/29/2018 |
| 2/5/2018 | monthly | $0.0610 | 5.16% | 2/14/2018 | 2/15/2018 | 2/28/2018 |
| 12/20/2017 | monthly | $0.0610 | 5.28% | 12/28/2017 | 12/29/2017 | 1/9/2018 |
| 12/4/2017 | monthly | $0.0610 | 5.28% | 12/11/2017 | 12/12/2017 | 12/19/2017 |
| 11/2/2017 | monthly | $0.0610 | 5.17% | 11/14/2017 | 11/15/2017 | 11/30/2017 |
| 10/3/2017 | monthly | $0.0610 | 5.09% | 10/13/2017 | 10/16/2017 | 10/31/2017 |
| 9/5/2017 | monthly | $0.0610 | 5.22% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 8/3/2017 | monthly | $0.0610 | 5.19% | 8/11/2017 | 8/15/2017 | 8/31/2017 |
| 7/5/2017 | monthly | $0.0610 | 5.2% | 7/12/2017 | 7/14/2017 | 7/31/2017 |
| 6/2/2017 | monthly | $0.0610 | 5.08% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 5/2/2017 | monthly | $0.0610 | 5.05% | 5/11/2017 | 5/15/2017 | 5/31/2017 |
| 4/4/2017 | monthly | $0.0610 | 5.08% | 4/11/2017 | 4/13/2017 | 4/28/2017 |
| 3/2/2017 | monthly | $0.0610 | 4.97% | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 2/15/2017 | monthly | $0.0610 | 4.96% | 2/13/2017 | 2/15/2017 | 2/28/2017 |
| 12/20/2016 | monthly | $0.0610 | 5.14% | 12/28/2016 | 12/30/2016 | 1/9/2017 |
| 7/2/2015 | monthly | $0.0674 | 5.96% | 7/13/2015 | 7/15/2015 | 7/31/2015 |
| 6/2/2015 | monthly | $0.0674 | 5.88% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
| 5/4/2015 | monthly | $0.0674 | 5.79% | 5/13/2015 | 5/15/2015 | 5/29/2015 |
| 4/2/2015 | monthly | $0.0674 | 5.84% | 4/13/2015 | 4/15/2015 | 4/30/2015 |
| 3/3/2015 | monthly | $0.0674 | 5.81% | 3/11/2015 | 3/13/2015 | 3/31/2015 |
| 2/3/2015 | monthly | $0.0674 | 6.04% | 2/11/2015 | 2/13/2015 | 2/27/2015 |
| 12/23/2014 | monthly | $0.0674 | 6.07% | 12/29/2014 | 12/31/2014 | 1/9/2015 |
| 12/2/2014 | monthly | $0.0674 | 5.95% | 12/10/2014 | 12/12/2014 | 12/19/2014 |
| 11/4/2014 | monthly | $0.0674 | 5.93% | 11/12/2014 | 11/14/2014 | 11/28/2014 |
| 10/2/2014 | monthly | $0.0674 | 5.81% | 10/10/2014 | 10/15/2014 | 10/31/2014 |
| 9/4/2014 | monthly | $0.07 | 5.88% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 8/4/2014 | monthly | $0.07 | 5.89% | 8/13/2014 | 8/15/2014 | 8/29/2014 |
| 7/2/2014 | monthly | $0.07 | 5.81% | 7/11/2014 | 7/15/2014 | 7/31/2014 |
| 6/3/2014 | monthly | $0.07 | 5.86% | 6/12/2014 | 6/16/2014 | 6/30/2014 |
| 5/2/2014 | monthly | $0.07 | 5.83% | 5/13/2014 | 5/15/2014 | 5/30/2014 |
| 4/2/2014 | monthly | $0.07 | 5.81% | 4/11/2014 | 4/15/2014 | 4/30/2014 |
| 3/4/2014 | monthly | $0.07 | 5.71% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
| 2/4/2014 | monthly | $0.0188 | 1.55% | 2/12/2014 | 2/14/2014 | 2/28/2014 |
| 12/20/2013 | special | $0.0180 | 6.25% | 12/27/2013 | 12/31/2013 | 1/8/2014 |
| 12/20/2013 | monthly | $0.0755 | 6.25% | 12/27/2013 | 12/31/2013 | 1/8/2014 |
| 12/3/2013 | monthly | $0.0755 | 6.2% | 12/11/2013 | 12/13/2013 | 12/19/2013 |
| 11/4/2013 | monthly | $0.0755 | 6.23% | 11/13/2013 | 11/15/2013 | 11/29/2013 |
(Data available from 1/1/2013 forward)
BlackRock Floating Rate Income Strategies Fund (NYSE FRA) Insider Trading and Institutional Ownership History
BlackRock Floating Rate Income Strategies Fund (NYSE FRA) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 8/25/2015 | Leland Hart | Portfolio Manager | Buy | 7,000 | $12.81 | $89,670.00 | 26,740 |  |
| 10/9/2013 | Leland Hart | Portfolio Manager | Buy | 7,000 | $14.41 | $100,870.00 | | |
(Data available from 1/1/2013 forward)
BlackRock Floating Rate Income Strategies Fund (NYSE FRA) News Headlines
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BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) SEC Filings
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BlackRock Floating Rate Income Strategies Fund (NYSE FRA) Stock Chart for Sunday, April, 22, 2018
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