BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
| Market Value | 490.43M |
| Revenue (ttm) | 57.03M |
| Net Income (ttm) | 49.18M |
| Shares Out | 35.23M |
| EPS (ttm) | 1.40 |
| PE Ratio | 9.97 |
| Forward PE | n/a |
| Dividend | $1.49 (10.69%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 125,791 |
| Open | 14.09 |
| Previous Close | 14.04 |
| Day's Range | 13.90 - 14.09 |
| 52-Week Range | 11.89 - 14.22 |
| Beta | 0.61 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About FRA
BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are rated below investment grade. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on Oct... [Read more]
News
Bonds Are in Turmoil Again. How to Protect Your Portfolio.
Consider shifting to areas of the market that are less sensitive to inflation expectations.
FRA: This Floating Rate Fund Is Overvalued, It Is Time To Sell Or Trim
The BlackRock Floating Rate Income Strategies Fund currently trades at a 4% premium. It has historically traded at a discount, making it less attractive now. FRA's income may decrease as the Fed is li...
Don't Buy AI Stocks, Buy The Best Dividend Total Return Stocks
I have a diversified portfolio of stocks, funds, and bonds. My stocks are primarily dividend paying value stocks. One can find dividend stocks with superior estimated total returns by comparing their ...
FRA: Latest GDP Report Casts Doubt On Rate Cut Narrative
The BlackRock Floating Rate Income Strategies Fund offers a competitive yield of 11.06%, in line with its peers. The Fund has delivered a fairly impressive return over the past few months, but there a...
FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade)
The BlackRock Floating Rate Income Strategies Fund Inc offers a high yield of 11.46% due to its investment in speculative-grade floating-rate securities.
5 Closed-End Fund Buys In The Month Of December 2023 (Plus 1 Sell)
Equity and fixed-income markets had another strong month in December, driven by continuing retreating risk-free Treasury rates. We even saw an improvement in the breadth of the overall market, with br...
FRA: A Good Way To Hedge Your 2024 Interest Rate Risk
The BlackRock Floating Rate Income Strategies Fund Inc specializes in providing investors with a high level of current income, with an attractive 11.97% yield. The FRA closed-end fund invests in float...
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...
FRA: Continuing To Benefit From Higher Rates
BlackRock Floating Rate Income Strategies Fund is benefiting from higher rates by the Fed and continues to generate growing NII. The fund's discount has narrowed, making it even less appealing for ent...
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...
CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptiona...
FRA: A Good 11%-Yielding CEF To Buy For Income Today
The high rate of inflation in the U.S. is a major problem, with the consumer price index showing a significant increase following the economic lockdowns in 2020. Wages have not kept up with the cost o...
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...
FRA: Another Distribution Increase
Floating rate funds, such as BlackRock Floating Rate Income Strategies Fund, have benefited from the Fed's interest rate hikes and could still be a worthwhile investment option. The fund's discount ha...
FRA: Earn A High Yield And Reduce Your Interest Rate Risk
Investors are in desperate need of additional sources of income since the rapidly rising cost of living has strained many budgets. BlackRock Floating Rate Income Strategies Fund Inc invests in a portf...
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.
FRA: Discounted Floating Rate Fund
While interest rate hikes might be nearing an end, there are still some left to go that floating rate funds can benefit from. FRA continues to trade at an attractive discount, making it a potential op...
CEF Weekly Review: EPS More Instructive Than Coverage These Days
We review CEF market valuation and performance through the third week of February and highlight recent market action. Nearly all CEF sectors were down as worries about further rises in the policy rate...
Kicking Off The New Year With 7 Closed-End Fund Buys In The Month Of January 2023
We have now closed on the first month of the new year, but my strategy of buying every month hasn't changed. The new year has started off with a bang, with the broader indexes jumping higher.
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.
FRA: Fully Covered 6.59% Distribution, Protection From Rising Rates
The latest semi-annual report shows FRA had covered its distribution in the last six months. That was from the prior reporting period, when they had trimmed the payout.
FRA: Deeply Discounted
FRA is trading around some of the lowest discount levels it has ever experienced. There are risks, but some of these risks seem to be largely factored in due to the valuation.
FRA: 5.8% Distribution Yield, Floating Rate Investments
FRA is invested in mostly floating rate loans; these should benefit and act as a hedge with higher rates coming. The fund currently sports a 5.8% distribution yield that is quite attractive for income...
Closed-End Funds: Senior Loan Funds Q4 2021 Update
As we enter the fourth quarter of 2021, we are inching closer to the eventual rate hikes from the Fed. We've been continuing to monitor the senior loan fund space to find some opportunities worth expl...