Somewhat Positive News Coverage Somewhat Unlikely to Affect BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) Share Price

Media headlines about BlackRock Floating Rate Income Strat. Fn (NYSE:FRA) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. BlackRock Floating Rate Income Strat. Fn earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 45.1207608678201 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

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Shares of BlackRock Floating Rate Income Strat. Fn (FRA) opened at 14.15 on Friday. BlackRock Floating Rate Income Strat. Fn has a 52-week low of $13.36 and a 52-week high of $14.85. The company has a 50-day moving average of $14.11 and a 200-day moving average of $14.42.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.061 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.73 annualized dividend and a yield of 5.17%.

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About BlackRock Floating Rate Income Strat. Fn

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.