Ex-Div Reminder For BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) FRA will trade ex-dividend, for its monthly dividend of $0.077, payable on 4/30/13. As a percentage of FRA's recent stock price of $16.07, this dividend works out to approximately 0.48%.

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Below is a dividend history chart for FRA, showing historical dividends prior to the most recent $0.077 declared by BlackRock Floating Rate Income Strategies Fund, Inc.:

FRA+Dividend+History+Chart

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 5.75% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, BlackRock Floating Rate Income Strategies Fund, Inc. shares are currently up about 0.1% on the day.

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