BlackRock Floating Rate Income Trust
BGTFinancial Services · Stock · monthly payer
Forward Yield
13.29%
Annual Dividend
$1.44
Payout Ratio
203%
5-Yr Growth
10.1%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of August 2026, BlackRock Floating Rate Income Trust (BGT) yields 13.29% ($1.44 per share annually), with a blended fair-value estimate of $17.98 — +66% upside, so it screens as undervalued. Dividend safety grade: C (57/100).
Is BGT a good dividend stock?
MixedBlackRock Floating Rate Income Trust (BGT) pays a monthly dividend yielding 13.29% ($1.44/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 10.1% 5-yr dividend growth
Risks
- Cut its dividend in 2021
- Elevated payout ratio (203%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 13.29%
- Payout Ratio
- 203%
- Annual Dividend
- $1.44
- 5-Yr Avg Growth
- 10.1%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.46
- Market Cap
- $323.9M
- P/E Ratio
- 15.3
- 5-Yr Total Return
- -18%
- 52-Week Range
- —
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
BGT Price — Last 12 Months
Daily close
Price Return
1 Year
-11%
3 Years
-10%
5 Years
-18%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BGT worth?
Undervaluedlow confidenceOur blended fair-value estimate for BlackRock Floating Rate Income Trust is $17.98 per share, versus a market price of $10.86. That implies 66% of upside — a margin of safety of about 40%.
Fair Value
$17.98
Current Price
$10.86
Upside
+66%
Margin of Safety
40%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), 9.6% stage-1 growth, 2.5% terminal growth, $0.71 EPS, $1.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BGT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | — | $0.1200 | regular |
| Jul 15, 2026 | — | $0.1200 | regular |
| Jun 15, 2026 | — | $0.1200 | regular |
| May 15, 2026 | — | $0.1200 | regular |
| Apr 15, 2026 | — | $0.1200 | regular |
| Mar 13, 2026 | — | $0.1200 | regular |
| Feb 13, 2026 | — | $0.1200 | regular |
| Jan 20, 2026 | — | $0.1200 | regular |
| Dec 22, 2025 | — | $0.1200 | regular |
| Nov 14, 2025 | — | $0.1200 | regular |
| Oct 15, 2025 | — | $0.1200 | regular |
| Sep 15, 2025 | — | $0.1200 | regular |
| Aug 15, 2025 | — | $0.1200 | regular |
| Jul 15, 2025 | — | $0.1200 | regular |
Income Calculator
At $1.44 / yr per share
