Is BlackRock Floating Rate Income Trust (BGT) a Buy, Sell, or Hold?
NYSE : BGT
BlackRock Floating Rate Income Trust
$10.58 USD
-$0.15 (-1.4%)
- Volume
- 72.91K
- Average Volume
- 101.01K
- Market Capitalization
- $315.55M
- P/E Ratio
- 14.49
- Dividend Yield
- 13.64%
- Price Target
- Year High
- $12.75
- Year Low
- $10.22
- Day High
- —
- Day Low
- —
- Payout Ratio
- $2.03
- Current Ratio
- $0.00
| Source | Headline |
|---|---|
|
BGT: The 13% Dividend Yield Is Not Supported By Earnings
BlackRock Floating Rate Income Trust remains a sell due to persistent NAV erosion and unsustainable dividend payouts. BGT's current 13.1% yield is not covered by earnings, with distributions nearly double net investment income for the 2025 period. The fund's high exposure to below-investment-grade debt and reliance on a favorable rate environment heighten default and earnings risks. seekingalpha.com - 2026-05-01 10:08:17 |
