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BlackRock Floating Rate Income Trust(NYSE) BGT

Current Price$10.76
Market Cap$321.81MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2004)+215%
5 Year+40%
1 Year-2%
1 Month+3%
BlackRock Floating Rate Income Trust last closing stock price
MetricPriceDate
Last closeUSD 10.792026-07-24
BlackRock Floating Rate Income Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.98%USD 10.582026-07-17
1 month+3.04%USD 10.472026-06-24
3 month+2.64%USD 10.512026-04-24
Year to date+2.82%USD 10.492025-12-31
1 year-2.37%USD 11.052025-07-24
3 year+31.51%USD 8.202023-07-25
5 year+40.28%USD 7.692021-07-23
Since inception+214.84%USD 3.432004-08-26

BlackRock Floating Rate Income Trust Financials at a Glance

Market Cap

$321.81MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$38.22M

Net Income (TTM)

$27.36M

EPS (TTM)

$0.71

P/E Ratio

15.20

Dividend

$1.44

Beta (Volatility)

0.33 (Low)

Price

$10.76

Volume

2,717

Open

$10.76

Previous Close

$10.76

Daily Range

$10.76 - $10.80

52-Week Range

$10.22 - $12.75

Estimated Earnings Date

Sep 5, 2024

BGT News

No articles available.

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About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust is a closed-end mutual fund focused on fixed income investments. Established in 2004, the Trust is managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc., targeting opportunities primarily in corporate bonds across various sectors.

Products and Services
  • Invests in fixed income instruments with a focus on corporate bonds
  • Maintains an average effective portfolio duration of no more than 1.5 years
  • Offers a diversified investment strategy across international markets
Growth Outlook
  • Recent quarterly revenue reached $12.71 million, indicating strong performance
  • Trailing twelve months (TTM) dividend yield stands at 13.64%, attracting income-focused investors
  • Net income for the latest quarter was $8.55 million, showcasing robust profitability
Financial Highlights
  • Market capitalization of approximately $315.55 million reflects solid investor interest
  • Price-to-earnings (P/E) ratio of 14.49 suggests reasonable valuation compared to peers
  • Quarterly net income margin of 67.26% highlights effective cost management
BlackRock Floating Rate Income Trust operates with a strategic focus on fixed income investments, primarily in corporate bonds. The Trust's management emphasizes maintaining a short duration to mitigate interest rate risk while seeking attractive yields. Recent financial performance indicates a strong revenue stream and profitability, making it an appealing option for income-oriented investors. The Trust's competitive dividend yield and solid market capitalization further enhance its attractiveness in the asset management sector.
AI Generated • Jul 20, 2026

Industry

Capital Markets

Sector

Financials

CEO

John M. Perlowski, CPA

Headquarters

New York, NY 10001, US

BGT Financials

Key Financial Metrics (TTM)

Gross Margin

84.12%

Operating Margin

83.15%

Net Income Margin

83.15%

Return on Equity

5.77%

Return on Capital

4.58%

Return on Assets

4.44%

Earnings Yield

6.58%

Dividend Yield

13.38%

Payout Ratio

2.03%

Stock Overview

Market Cap

$321.81MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

29.82M

Volume

2.72K

Avg. Volume

107.23K

Financials (TTM)

Gross Profit

$36.69M

Operating Income

$33.57M

EBITDA

$33.57M

Operating Cash Flow

$31.60M

Capital Expenditure

$0.00

Free Cash Flow

$31.60M

Cash & ST Invst.

$2.65K

Total Debt

$71.45M

BlackRock Floating Rate Income Trust Performance Analysis

BlackRock Floating Rate Income Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 20,347,762-14.1%
20232023-12-31USD 33,483,92164.6%
20242024-12-31USD 30,891,880-7.7%
20252025-12-31USD 26,655,475-13.7%
BlackRock Floating Rate Income Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32024-09-30-4.3%
Q42024-12-31N/A
Q22025-06-30N/A
Q42025-12-31N/A
BlackRock Floating Rate Income Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.27N/A
20232023-12-31USD 1.75N/A
20242024-12-31USD 1.11-36.6%
20252025-12-31USD 0.71-36.0%
BlackRock Floating Rate Income Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32024-09-30-7.4%
Q42024-12-31N/A
Q22025-06-30N/A
Q42025-12-31N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2025YOY CHG

Revenue

$12.71M

+45.2%

Gross Profit

$11.18M

+27.7%

Gross Margin

87.98%

N/A

Market Cap

$321.81MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

$8.55M

+37.2%

EBITDA

$10.49M

+31.8%

Quarterly Fundamentals

Name
Q2 2025YOY CHG

Total Cash

$2.65K

-99.8%

Total Debt

$71.45M

-23.1%

Accounts Receivable

$3.49M

-72.6%

Inventory

$0.00

N/A

Long Term Debt

$71.45M

-23.1%

Short Term Debt

$455.70K

-84.2%

Return on Assets

4.44%

N/A

Return on Invested Capital

4.58%

N/A

Free Cash Flow

$10.50M

+26.0%

Operating Cash Flow

$10.50M

+26.0%

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Questions About BGT

What is the current price of BlackRock Floating Rate Income Trust?

BlackRock Floating Rate Income Trust is trading at $10.76 per share.

What is the 52-week range for BlackRock Floating Rate Income Trust?

Over the past 52 weeks, BlackRock Floating Rate Income Trust has traded between $10.22 and $12.75.

How much debt does BlackRock Floating Rate Income Trust have?

As of the most recent reporting period, BlackRock Floating Rate Income Trust reported total debt of $71.46M.

How much cash does BlackRock Floating Rate Income Trust have on hand?

BlackRock Floating Rate Income Trust reported $2.65K in cash and cash equivalents in its most recent financial results.

What is BlackRock Floating Rate Income Trust’s dividend yield?

BlackRock Floating Rate Income Trust currently has a dividend yield of 13.38%.

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