BlackRock Floating Rate Income Strategies Fund

FRA · NYSE

$9.91−$0.08 (−0.80%)TodayMarket closed ·
Prev close $9.99

About FRA

BlackRock Floating Rate Income Strategies Fund Inc is a US-based company operating in industry. The company is headquartered in Wilmington, Delaware. The company went IPO on 2003-10-29. BlackRock Floating Rate Income Strategies Fund, Inc.(the Fund) is a 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. The company seeks to achieve its investment objective by investing at least 80% of its managed assets in floating rate debt securities, including floating or variable rate debt securities that pay interest at rates that adjust whenever specified interest rate changes and/or which reset on predetermined dates. The company invests a substantial portion of its investments in floating rate debt securities consisting of secured or unsecured senior floating rate loans that are rated below investment grade or, if unrated, are considered by the investment advisor to be of comparable quality. The Fund's investment advisor is BlackRock Advisors, LLC.

Employees
0
Headquarters
Wilmington, Delaware
Listed
Oct 29, 2003
Sector
N/A
Industry
N/A

FRA key statistics

Market cap
357.18M
Price-earnings ratio
14.50
Dividend yield
14.68%
Average volume
182.93K
Volume
166.24K
Open price
$10.01
High today
$10.01
Low today
$9.65
52 Week high
$12.71
52 Week low
$9.98

BlackRock Floating Rate Income Strategies Fund (FRA) at a glance

BlackRock Floating Rate Income Strategies Fund (FRA) last traded at $9.91, with a market cap of 357.18M, a price-to-earnings ratio of 14.50 and a dividend yield of 14.68%.

Today the stock has traded between $9.65 and $10.01. The current price is 2.7% above the day's low and 1.0% below its high.

Volume so far is 166.24K shares, in line with the average of 182.93K shares a day.

Over the past year BlackRock Floating Rate Income Strategies Fund has ranged from $9.98 to $12.71, and now sits -3% of the way up that range.

FRA news

  • Press releaseBusiness Wire

    Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

  • Press releaseBusiness Wire

    Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

  • Press releaseBusiness Wire

    Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

  • Press releaseBusiness Wire

    Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

  • Press releaseBusiness Wire

    Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

  • Press releaseBusiness Wire

    Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

  • Press releaseBusiness Wire

    Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

  • Press releaseBusiness Wire

    Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.