Ex-Div Reminder For BlackRock Floating Rate Income Trust (BGT)

Looking at the universe of stocks we cover at Dividend Channel, on 10/11/13, BlackRock Floating Rate Income Trust ( BGT) will trade ex-dividend, for its monthly dividend of $0.0725, payable on 10/31/13. As a percentage of BGT's recent stock price of $13.96, this dividend works out to approximately 0.52%, so look for shares of BlackRock Floating Rate Income Trust to trade 0.52% lower — all else being equal — when BGT shares open for trading on 10/11/13.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for BGT, showing historical dividends prior to the most recent $0.0725 declared by BlackRock Floating Rate Income Trust:

BGT+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 BGT is likely to continue, and whether the current estimated yield of 6.23% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of BGT shares, versus its 200 day moving average:

BlackRock Floating Rate Income Trust 200 Day Moving Average Chart

Looking at the chart above, BGT's low point in its 52 week range is $13.88 per share, with $16.37 as the 52 week high point — that compares with a last trade of $13.96.

In Wednesday trading, BlackRock Floating Rate Income Trust shares are currently down about 0.4% on the day.
null

If you liked this article you might like

3 Stocks With Upcoming Ex-Dividend Dates: JMI, BGT, MYI

Tomorrow's Ex-Dividends To Watch: BNJ, BGT, BLW

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: NRT, BGT, NPP

Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: HRZN, BGT, NPT, GGN, SE

Ex-Dividends To Watch: 5 Stocks Going Ex-Dividend Tomorrow: BGT, DNP, TRP, WIN, FITB