NYSE : BGT

BlackRock Floating Rate Income Trust

$10.58 USD

-$0.15 (-1.4%)

Volume
72.91K
Average Volume
102.64K
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
Company Overview

NYSE

Charles Choon Sik Park

Asset Management - Income

Financial Services

BGT

N/A

US

USD

https://www.blackrock.com/investing/products/240195/blackrock-floating-rate-income-trust-usd-fund

212 810 5300

091941104

0001287480

Liquidity Metrics

0.20

0.00

0.00

0.00

2.03

Sales & Valuation

$23.37M

13.50

0.80

-13.40

-0.88

Profitability

$0.73

$19.43M

83.15%

83.15%

5.77%

4.44%

P/E Metrics

14.49

-0.24

-0.24

Analyst Price Target & Rating

Strong Sell

1/5

0 Analysts

%

Poll Results

About BlackRock Floating Rate Income Trust (NYSE:BGT) Stock

BlackRock Floating Rate Income Trust, an investment vehicle established in the United States on August 30, 2004 (originally known as BlackRock Global Floating Rate Income Trust), operates as a closed-end mutual fund concentrating on fixed income. Jointly managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc., under the umbrella of BlackRock Inc., the Trust strategically allocates capital to fixed income instruments across international markets, with a significant emphasis on opportunities within the United States. Its portfolio primarily comprises corporate bonds issued by companies spanning various sectors. A key characteristic of its investment strategy is maintaining an average effective portfolio duration of no more than 1.5 years. ...

BGT: The 13% Dividend Yield Is Not Supported By Earnings

2026-05-01 10:08:17

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.

Frequently Asked Questions

What is the current BlackRock Floating Rate Income Trust (BGT) stock price?

BlackRock Floating Rate Income Trust(NYSE:BGT) stock price is $10.58 in the last trading session. During the trading session, BGT stock reached the peak price of $12.75 while $10.22 was the lowest point it dropped to. The percentage change in BGT stock occurred in the recent session was --1.4% while the dollar amount for the price change in BGT stock was -$0.15.

BGT's industry and sector of operation?

The NYSE listed BGT is part of Asset Management - Income industry that operates in the broader Financial Services sector.

Who are the executives of BGT?

C. Adrian Marshall | Portfolio Manager
James Edward Keenan | Portfolio Manager
Joshua Tarnow | Portfolio Manager
Mark J. Williams | Portfolio Manager
Charles Choon Sik Park | Chief Compliance Officer and Anti-Money Laundering Officer

How many employees does BGT have?

Number of BGT employees currently stands at None. BGT operates from 55 East 52nd Street, New York City, NY 10055, US.

Link for BGT official website?

Official Website of BGT is: https://www.blackrock.com/investing/products/240195/blackrock-floating-rate-income-trust-usd-fund

How do I contact BGT?

BGT could be contacted at phone #212 810 5300 and can also be accessed through its website. BGT operates from 55 East 52nd Street, New York City, NY 10055, US.

How many shares of BGT are traded daily?

The average number of BGT shares traded daily for last 3 months was 102.64K.

What is the market cap of BGT currently?

The market value of BGT currently stands at $315.55M with its latest stock price at $10.58