| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
BlackRock Floating Rate Income Strategies Fund, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$12.91 |
| 52 Week High | US$13.22 |
| 52 Week Low | US$11.43 |
| Beta | 0.61 |
| 1 Month Change | 0.31% |
| 3 Month Change | 5.39% |
| 1 Year Change | 8.31% |
| 3 Year Change | 0.55% |
| 5 Year Change | 0.077% |
| Change since IPO | -35.45% |
Recent News & Updates
FRA: A Good Way To Hedge Your 2024 Interest Rate Risk
Dec 20FRA: Continuing To Benefit From Higher Rates
Oct 15FRA: A Good 11%-Yielding CEF To Buy For Income Today
Aug 16FRA: Another Distribution Increase
Jun 05BlackRock Floating Rate Income Strategies Fund declares $0.0804 dividend
Jan 06Recent updates
FRA: A Good Way To Hedge Your 2024 Interest Rate Risk
Dec 20FRA: Continuing To Benefit From Higher Rates
Oct 15FRA: A Good 11%-Yielding CEF To Buy For Income Today
Aug 16FRA: Another Distribution Increase
Jun 05BlackRock Floating Rate Income Strategies Fund declares $0.0804 dividend
Jan 06BlackRock Floating Rate Income Strategies Fund goes ex-dividend on Monday
Nov 11BlackRock Floating Rate Income Strategies Fund raises monthly dividend by 20.5% to $0.0804/share
Oct 06FRA: Fully Covered 6.59% Distribution, Protection From Rising Rates
Aug 31BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Aug 05BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Jul 05FRA: Deeply Discounted
May 13FRA: 5.8% Distribution Yield, Floating Rate Investments
Jan 20BlackRock Floating Rate Income Strategies Fund: Don't Fear Higher Interest Rates, Embrace Them
Oct 17FRA: Floating Rate Fund Worth Taking A Look At
Jul 05BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
May 07BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Feb 04BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Dec 21BlackRock Floating Rate Income Strategies Fund declares $0.0788 dividend
Nov 03Shareholder Returns
| FRA | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -2.3% | -2.6% | -3.7% |
| 1Y | 8.3% | 22.7% | 20.5% |
Return vs Industry: FRA underperformed the US Capital Markets industry which returned 22.2% over the past year.
Return vs Market: FRA underperformed the US Market which returned 20.2% over the past year.
Price Volatility
| FRA volatility | |
|---|---|
| FRA Average Weekly Movement | 1.4% |
| Capital Markets Industry Average Movement | 3.4% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: FRA has not had significant price volatility in the past 3 months.
Volatility Over Time: FRA's weekly volatility (1%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2003 | n/a | n/a | www.blackrock.com/investing/products/240189/blackrock-floating-rate-income-strategies-fund-inc-usd-fund |
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.
BlackRock Floating Rate Income Strategies Fund, Inc. Fundamentals Summary
| FRA fundamental statistics | |
|---|---|
| Market cap | US$452.38m |
| Earnings (TTM) | US$62.71m |
| Revenue (TTM) | US$56.86m |
7.3x
P/E Ratio8.0x
P/S RatioIs FRA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FRA income statement (TTM) | |
|---|---|
| Revenue | US$56.86m |
| Cost of Revenue | US$0 |
| Gross Profit | US$56.86m |
| Other Expenses | -US$5.84m |
| Earnings | US$62.71m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.78 |
| Gross Margin | 100.00% |
| Net Profit Margin | 110.28% |
| Debt/Equity Ratio | 31.0% |
How did FRA perform over the long term?
See historical performance and comparison