Looking at the universe of stocks we cover at Dividend Channel, on 7/11/13, BlackRock Floating Rate Income Strategies Fund (FRA) will trade ex-dividend, for its monthly dividend of $0.0755, payable on 7/31/13. As a percentage of FRA's recent stock price of $15.14, this dividend works out to approximately 0.50%.
Below is a dividend history chart for FRA, showing historical dividends prior to the most recent $0.0755 declared by BlackRock Floating Rate Income Strategies Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FRA is likely to continue, and whether the current estimated yield of 5.98% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FRA shares, versus its 200 day moving average:Looking at the chart above, FRA's low point in its 52 week range is $13.91 per share, with $16.81 as the 52 week high point — that compares with a last trade of $15.19.
In Wednesday trading, BlackRock Floating Rate Income Strategies Fund shares are currently off about 1.1% on the day.