NYSE:FRA - BlackRock Floating Rate Income Strategies Fund Stock Price, Price Target & More

$14.46 -0.02 (-0.14 %)
(As of 04/22/2018 08:11 AM ET)
Previous Close$14.46
Today's Range$14.42 - $14.50
52-Week Range$13.70 - $14.63
Volume83,675 shs
Average Volume193,797 shs
Market Capitalization$543.97 million
P/E RatioN/A
Dividend Yield5.02%
Beta0.33

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.

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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

How to Become a New Pot Stock Millionaire

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?

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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  39 (Vote Outperform)
Underperform Votes:  43 (Vote Underperform)
Total Votes:  82
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.

Analyst Ratings

BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
(Data available from 4/22/2016 forward)

Earnings

Dividends

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
Dividend Payments by Quarter for BlackRock Floating Rate Income Strategies Fund (NYSE:FRA)

BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/3/2018monthly$0.06105.05%4/13/20184/16/20184/30/2018
3/5/2018monthly$0.06105.02%3/14/20183/15/20183/29/2018
2/5/2018monthly$0.06105.16%2/14/20182/15/20182/28/2018
12/20/2017monthly$0.06105.28%12/28/201712/29/20171/9/2018
12/4/2017monthly$0.06105.28%12/11/201712/12/201712/19/2017
11/2/2017monthly$0.06105.17%11/14/201711/15/201711/30/2017
10/3/2017monthly$0.06105.09%10/13/201710/16/201710/31/2017
9/5/2017monthly$0.06105.22%9/14/20179/15/20179/29/2017
8/3/2017monthly$0.06105.19%8/11/20178/15/20178/31/2017
7/5/2017monthly$0.06105.2%7/12/20177/14/20177/31/2017
6/2/2017monthly$0.06105.08%6/13/20176/15/20176/30/2017
5/2/2017monthly$0.06105.05%5/11/20175/15/20175/31/2017
4/4/2017monthly$0.06105.08%4/11/20174/13/20174/28/2017
3/2/2017monthly$0.06104.97%3/13/20173/15/20173/31/2017
2/15/2017monthly$0.06104.96%2/13/20172/15/20172/28/2017
12/20/2016monthly$0.06105.14%12/28/201612/30/20161/9/2017
7/2/2015monthly$0.06745.96%7/13/20157/15/20157/31/2015
6/2/2015monthly$0.06745.88%6/11/20156/15/20156/30/2015
5/4/2015monthly$0.06745.79%5/13/20155/15/20155/29/2015
4/2/2015monthly$0.06745.84%4/13/20154/15/20154/30/2015
3/3/2015monthly$0.06745.81%3/11/20153/13/20153/31/2015
2/3/2015monthly$0.06746.04%2/11/20152/13/20152/27/2015
12/23/2014monthly$0.06746.07%12/29/201412/31/20141/9/2015
12/2/2014monthly$0.06745.95%12/10/201412/12/201412/19/2014
11/4/2014monthly$0.06745.93%11/12/201411/14/201411/28/2014
10/2/2014monthly$0.06745.81%10/10/201410/15/201410/31/2014
9/4/2014monthly$0.075.88%9/11/20149/15/20149/30/2014
8/4/2014monthly$0.075.89%8/13/20148/15/20148/29/2014
7/2/2014monthly$0.075.81%7/11/20147/15/20147/31/2014
6/3/2014monthly$0.075.86%6/12/20146/16/20146/30/2014
5/2/2014monthly$0.075.83%5/13/20145/15/20145/30/2014
4/2/2014monthly$0.075.81%4/11/20144/15/20144/30/2014
3/4/2014monthly$0.075.71%3/12/20143/14/20143/31/2014
2/4/2014monthly$0.01881.55%2/12/20142/14/20142/28/2014
12/20/2013special$0.01806.25%12/27/201312/31/20131/8/2014
12/20/2013monthly$0.07556.25%12/27/201312/31/20131/8/2014
12/3/2013monthly$0.07556.2%12/11/201312/13/201312/19/2013
11/4/2013monthly$0.07556.23%11/13/201311/15/201311/29/2013
(Data available from 1/1/2013 forward)

Insider Trades

BlackRock Floating Rate Income Strategies Fund (NYSE FRA) Insider Trading and Institutional Ownership History

Insider Trading History for BlackRock Floating Rate Income Strategies Fund (NYSE:FRA)
Insider Trading History for BlackRock Floating Rate Income Strategies Fund (NYSE:FRA)

BlackRock Floating Rate Income Strategies Fund (NYSE FRA) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
8/25/2015Leland HartPortfolio ManagerBuy7,000$12.81$89,670.0026,740View SEC Filing  
10/9/2013Leland HartPortfolio ManagerBuy7,000$14.41$100,870.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

BlackRock Floating Rate Income Strategies Fund (NYSE FRA) News Headlines

Source:
DateHeadline
BlackRock Floating Rate Income Strategies Fund Inc Announces Monthly Dividend of $0.06 (FRA)BlackRock Floating Rate Income Strategies Fund Inc Announces Monthly Dividend of $0.06 (FRA)
www.americanbankingnews.com - April 3 at 6:18 PM
BlackRock Floating Rate Income Strat. Fn to Issue Monthly Dividend of $0.06 (FRA)BlackRock Floating Rate Income Strat. Fn to Issue Monthly Dividend of $0.06 (FRA)
www.americanbankingnews.com - March 5 at 6:22 PM
BlackRock Floating Rate Income Strat. Fn Declares Monthly Dividend of $0.06 (FRA)BlackRock Floating Rate Income Strat. Fn Declares Monthly Dividend of $0.06 (FRA)
www.americanbankingnews.com - February 5 at 6:00 PM
BlackRock Floating Rate Income Strategies Fund, Inc. Announces Monthly Dividend of $0.06 (FRA)BlackRock Floating Rate Income Strategies Fund, Inc. Announces Monthly Dividend of $0.06 (FRA)
www.americanbankingnews.com - December 4 at 5:52 PM
BlackRock Floating Rate Income Strat. Fn (FRA) Declares Monthly Dividend of $0.06BlackRock Floating Rate Income Strat. Fn (FRA) Declares Monthly Dividend of $0.06
www.americanbankingnews.com - November 2 at 5:40 PM
BlackRock Floating Rate Income Strat. Fn (FRA) Declares $0.06 Monthly DividendBlackRock Floating Rate Income Strat. Fn (FRA) Declares $0.06 Monthly Dividend
www.americanbankingnews.com - October 3 at 6:04 PM
Certain Closed-End Funds Announce Renewal of Share Repurchase ProgramsCertain Closed-End Funds Announce Renewal of Share Repurchase Programs
finance.yahoo.com - September 6 at 6:43 PM
BlackRock Floating Rate Income Strat. Fn Announces Monthly Dividend of $0.06 (NYSE:FRA)BlackRock Floating Rate Income Strat. Fn Announces Monthly Dividend of $0.06 (NYSE:FRA)
www.americanbankingnews.com - August 3 at 6:44 PM
BlackRock Floating Rate Income Strat. Fn Declares Monthly Dividend of $0.06 (NYSE:FRA)BlackRock Floating Rate Income Strat. Fn Declares Monthly Dividend of $0.06 (NYSE:FRA)
www.americanbankingnews.com - July 5 at 7:08 PM
[$$] The Hidden Risks of Bank-Loan Funds[$$] The Hidden Risks of Bank-Loan Funds
www.barrons.com - February 11 at 3:54 AM
5 Floating Rate Funds Paying Up To 7.3%5 Floating Rate Funds Paying Up To 7.3%
www.forbes.com - November 25 at 10:20 AM
4 Closed-End Fund Picks as Rates Rise, Discounts Widen4 Closed-End Fund Picks as Rates Rise, Discounts Widen
blogs.barrons.com - November 14 at 5:22 PM
BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial StatemenBLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statemen
biz.yahoo.com - October 28 at 4:55 PM

SEC Filings

BlackRock Floating Rate Income Strategies Fund (NYSE:FRA) SEC Filings

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Social Media

Financials

Financials are not available for this stock.

Chart

BlackRock Floating Rate Income Strategies Fund (NYSE FRA) Stock Chart for Sunday, April, 22, 2018

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This page was last updated on 4/22/2018 by MarketBeat.com Staff

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