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

Looking at the universe of stocks we cover at Dividend Channel, on 5/13/13, BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) will trade ex-dividend, for its monthly dividend of $0.077, payable on 5/31/13. As a percentage of FRA's recent stock price of $15.95, 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 5.79% 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:

BlackRock Floating Rate Income Strategies Fund, Inc. 200 Day Moving Average Chart

Looking at the chart above, FRA's low point in its 52 week range is $13.70 per share, with $16.81 as the 52 week high point — that compares with a last trade of $15.95.

In Thursday trading, BlackRock Floating Rate Income Strategies Fund, Inc. shares are currently down about 0.2% on the day.

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