BlackRock Floating Rate Income Trust (BGT)
| Market Value | 290.42M |
| Revenue (ttm) | 36.04M |
| Net Income (ttm) | 31.04M |
| Shares Out | 22.50M |
| EPS (ttm) | 1.37 |
| PE Ratio | 9.44 |
| Forward PE | n/a |
| Dividend | $1.44 (11.18%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 114,597 |
| Open | 12.96 |
| Previous Close | 12.96 |
| Day's Range | 12.85 - 12.97 |
| 52-Week Range | 11.85 - 13.97 |
| Beta | 0.66 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About BGT
BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Tr... [Read more]
News
BGT: This Fund Will Likely Cut Its Distribution In The Near Future
The BlackRock Floating Rate Income Trust offers a high 10.99% yield but faces potential distribution cuts due to expected Federal Reserve interest rate reductions. Despite outperforming fixed-rate bon...
BGT: Floating Rate Assets Becoming Less Appealing (Rating Downgrade)
BGT has performed well, with a total return of over 17% since October 2023, since it was last covered. Lower Fed funds will lead to lower yields and a shift in market sentiment towards fixed assets, j...
BGT: A Good Source Of Income Today, But A Pricey One
BlackRock Floating Rate Income Trust Fund is a closed-end fund that aims to generate a high level of income with less volatility than fixed-income funds. The fund has a lower yield than its peers, but...
Investors' Choice: Roller Coaster Or Merry-Go-Round?
Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demo...
BGT: A Very Good Floater CEF That Should Perform Well For Longer Than Market Thinks
The BlackRock Floating Rate Income Trust Fund offers an attractive current yield of 11.26%, which is in line with its peers.
CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities
Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, mea...
BGT: The Glory Days For Floaters May Be Ending
The article evaluates the BlackRock Floating Rate Income Trust as an investment option at its current market price. Investing in floating rate securities has been a successful strategy, delivering str...
BGT: A Golden Standard Leveraged Loan CEF, 11.7% Yield
The BlackRock Floating Rate Income Trust is a closed-end fund that focuses on leveraged loans with the primary goal of generating current income for investors. The fund's distribution yield is well-co...
Rising Interest Rates Got You Down? Try Floating Above The Fear
Interest rates are likely to remain elevated due to the strong U.S. economy, despite inflation concerns. The U.S. debt has reached a record high, and fears of a government shutdown are exacerbating ma...
BGT: A Year Later, The Buy Case For Floaters Persists
BlackRock Floating Rate Income Trust has been a strong performer, outpacing the S&P 500. The fund is currently trading at a discount to its net asset value, making it an attractive investment. BGT's i...
CEF Weekly Review: Discount Pro-Cyclicality Is Not Fully Rational
We review CEF market valuation and performance through the first week of July and highlight recent market action. CEFs were roughly flat on the week as NAVs fell while discounts remained resilient. CE...
BGT: Amortizing 'Return Of Principal' Loan Fund
BGT generates a high distribution yield from a portfolio of junk loans. BlackRock Floating Rate Income Trust pays an attractive 11.8% forward distribution yield. However, I recommend investors avoid B...
CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update
NEW YORK--(BUSINESS WIRE)--Please replace the release dated April 11, 2023, with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Pro...
Weekly Closed-End Fund Roundup - March 5, 2023
19 out of 22 CEF sectors were positive on price and 12 out of 22 sectors were positive on NAV last week. Delaware/Abrdn mergers are closing this week.
BGT: Floaters Still Look Attractive
Floating rate debt should remain in demand as the Fed continues to raise its benchmark rate. Further, the market is starting to come to terms with the fact that rates will be "higher for longer".
FRA And BGT: Distribution Boosts And Wide Discounts
BlackRock announced its latest distributions earlier this month, with several boosts and cuts. Of those that boosted, two of those were FRA and BGT.
BGT: Floating Rate Debt Continues To Serve As A Hedge Against Rising Rates
Floating rate debt should perform well as interest rates keep rising. With higher rates being a primary concern for markets, investors can front-run this through buying funds like BGT. BGT still offer...
BGT: Value Re-Appears In This Floating Rate CEF
Floating rate loans and bonds are a reasonable option when deciding how to play an inflationary or rising interest rate environment. Despite this traditional wisdom, funds that hold these loans like B...
BGT: Near-Term Outlook More Modest Now
BGT invests in floating rate securities, and this has been a winning play throughout 2021. In the new year, I expect this asset class to perform well, but I am hesitant to recommend adding exposure at...
BGT: I See Merit To Buying Floaters
BGT is a closed-end fund focused on floating rate loans. This is an area I view positively heading forward. While I do like floating-rate loans, readers should note BGT is filled with mostly below-inv...
BGT: A Decent Option For Floating Rate Exposure
Floating rate loans are back in focus, with inflation expectations starting to rise. As yields and rates tick higher, fixed-income products suffer. Floating rate loans, by contrast, act as a hedge aga...
CEF Floating Rate Sector Update: Rates Are Rising Which Should Shine A Light On The Sector
Floating rate ("loan") securities have been out of favor for more than a year as investors saw interest rates plummet. The loan market looks very compelling relative to high-yield fixed coupon bonds. ...
The Falling Out Of Love With CEFs
Like most areas of the market, the time when people dislike the sector the most is typically the best time to get in.