BlackRock Floating Rate Income Trust

BGT

Financial Services · Asset Management · Stock · monthly payer

$10.05

Fairly valued · +6% Add to Portfolio

Forward Yield

14.36%

Annual Dividend

$1.44

Payout Ratio

344%

5-Yr Growth

10.1%

Ex-Date

Nov 13, 2026

Frequency

Monthly

Key facts about BGT's dividend

Data as of Oct 18, 2026 · Source: SmarterDividends data

As of Oct 18, 2026, BlackRock Floating Rate Income Trust (BGT) has a forward dividend yield of 14.36%, based on an annual dividend of $1.44 per share and a share price of $10.05.
As of Oct 18, 2026, BGT's dividend safety grade from SmarterDividends is C (57 out of 100), which rates the dividend as borderline.
BGT last cut its regular dividend in 2021.
BGT's next ex-dividend date is Nov 13, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
As of Oct 18, 2026, BGT pays out 344% of its trailing 12-month earnings as dividends (its payout ratio).
BGT's dividend has grown at an average rate of 10.1% a year over the past five years.
As of Oct 18, 2026, BGT's 14.36% yield is 55% above its five-year average yield of 9.27%.
As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for BGT is $10.64 per share, 6% above the $10.05 share price, so BGT screens as fairly valued.
BlackRock Floating Rate Income Trust (BGT) pays its dividend monthly, 12 times a year.
BlackRock Floating Rate Income Trust (BGT) has raised its regular dividend 17 times and cut it 11 times across the 265 payments on record since 2004. Its most recent change was a 5.3% increase to $0.120 per share, going ex-dividend on Dec 14, 2023. The last cut went ex-dividend on Dec 14, 2020.

Cite this page

SmarterDividends, "BGT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/BGT

Summary

As of Oct 18, 2026, BlackRock Floating Rate Income Trust (BGT) yields 14.36% ($1.44 a year per share) and has a dividend safety grade of C (57/100).

Is BGT a good dividend stock?

Mixed

BlackRock Floating Rate Income Trust (BGT) pays a monthly dividend yielding 14.36% ($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 (344%)
Very high yield can signal elevated risk
Share price is down over the past 5 years

Key Data

Dividend Yield: 14.36%
Payout Ratio: 344%
Annual Dividend: $1.44
5-Yr Avg Growth: 10.1%
Ex-Dividend Date: Nov 13, 2026
Years of Growth: 0
Frequency: monthly
Beta: 0.49
Market Cap: $299.7M
P/E Ratio: 23.9
5-Yr Total Return: -28%
52-Week Range: $9.92 – $11.95
Dividend Safety: C · 57/100
Ever Cut?: Yes (2021)

BGT dividend raises and cuts

BlackRock Floating Rate Income Trust (BGT) has raised its regular dividend 17 times and cut it 11 times across the 265 payments on record since 2004. Its most recent change was a 5.3% increase to $0.120 per share, going ex-dividend on Dec 14, 2023. The last cut went ex-dividend on Dec 14, 2020.

Ex-date	Change	Old → new	Move
Dec 14, 2023	Raise	$0.114 → $0.120	+5.3%
Jun 14, 2023	Raise	$0.108 → $0.114	+5.6%
Mar 14, 2023	Raise	$0.0780 → $0.108	+38.5%
Oct 13, 2022	Raise	$0.0650 → $0.0780	+20.0%
Dec 14, 2020	Cut	$0.0760 → $0.0650	−14.5%
Oct 11, 2019	Raise	$0.0670 → $0.0760	+13.4%
Jul 12, 2019	Raise	$0.0620 → $0.0670	+8.1%
Jul 13, 2018	Raise	$0.0580 → $0.0620	+6.9%
Oct 13, 2015	Cut	$0.0650 → $0.0580	−10.8%
Oct 10, 2014	Cut	$0.0700 → $0.0650	−7.1%
Mar 12, 2014	Cut	$0.0730 → $0.0700	−4.1%
Dec 11, 2013	Raise	$0.0720 → $0.0730	+1.4%

Show all 28 changes since 2005

Ex-date	Change	Old → new	Move
Oct 11, 2013	Cut	$0.0730 → $0.0720	−1.4%
Sep 12, 2013	Raise	$0.0720 → $0.0730	+1.4%
Jul 11, 2013	Cut	$0.0770 → $0.0720	−6.5%
Dec 12, 2012	Cut	$0.0780 → $0.0770	−1.3%
Mar 11, 2011	Raise	$0.0750 → $0.0780	+4.0%
Dec 13, 2010	Raise	$0.0730 → $0.0750	+2.7%
Sep 13, 2010	Raise	$0.0700 → $0.0730	+4.3%
Jun 11, 2010	Raise	$0.0680 → $0.0700	+2.9%
Sep 11, 2009	Cut	$0.0750 → $0.0680	−9.3%
Jun 11, 2009	Cut	$0.100 → $0.0750	−25.0%
Nov 12, 2008	Cut	$0.105 → $0.100	−4.8%
Jun 12, 2008	Cut	$0.125 → $0.105	−16.0%
Jun 13, 2006	Raise	$0.115 → $0.125	+8.7%
Dec 13, 2005	Raise	$0.105 → $0.115	+9.5%
Oct 12, 2005	Raise	$0.0970 → $0.105	+8.2%
Sep 13, 2005	Raise	$0.0930 → $0.0970	+4.3%

Every BGT payment →Download every raise and cut (CSV)

BGT ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →BGT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is BGT a good dividend stock?

Mixed. BlackRock Floating Rate Income Trust (BGT) pays a monthly dividend yielding 14.36% ($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.

Is BGT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BGT's fair value is about $10.64 versus a $10.05 share price — so it looks fairly valued (+6% vs. fair value).

Is BGT's dividend safe?

BGT has a dividend-safety grade of C (57/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is BGT's fair value?

Our blended fair-value estimate for BGT is about $10.64 per share, roughly 6% above the current $10.05 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BGT a buy, hold, or sell?

We don't issue formal ratings, but on the data BGT screens as "mixed" and fairly valued. BlackRock Floating Rate Income Trust (BGT) pays a monthly dividend yielding 14.36% ($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. This is research for your own analysis, not investment advice.

Will BGT cut its dividend?

BGT earns a dividend-safety grade of C (57/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BGT pay a dividend?

Yes. BlackRock Floating Rate Income Trust pays a monthly dividend of about $1.44 per share annually, a forward yield of roughly 14.36%.

What is BGT's dividend yield?

As of Oct 18, 2026, BGT's forward dividend yield is 14.36%, based on a $1.44 annual dividend and a $10.05 share price.

What is BGT's dividend per share?

As of Oct 18, 2026, BGT pays $1.44 per share per year, distributed on a monthly basis.

What is BGT's dividend payout ratio?

As of Oct 18, 2026, BGT's payout ratio is 344% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has BGT grown its dividend?

BGT does not currently have a long dividend-growth streak on record.

When is the next BGT ex-dividend date?

As of Oct 18, 2026, the next ex-dividend date on record for BGT is Nov 13, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full BGT dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 15, 2026	Oct 30, 2026	$0.1200	regular
Sep 15, 2026	Sep 30, 2026	$0.1200	regular
Aug 14, 2026	Aug 31, 2026	$0.1200	regular
Jul 15, 2026	Jul 31, 2026	$0.1200	regular
Jun 15, 2026	Jun 30, 2026	$0.1200	regular
May 15, 2026	May 29, 2026	$0.1200	regular
Apr 15, 2026	Apr 30, 2026	$0.1200	regular
Mar 13, 2026	Mar 31, 2026	$0.1200	regular
Feb 13, 2026	Feb 27, 2026	$0.1200	regular
Jan 20, 2026	Jan 30, 2026	$0.1200	regular
Dec 22, 2025	Dec 31, 2025	$0.1200	regular
Nov 14, 2025	Nov 28, 2025	$0.1200	regular
Oct 15, 2025	Oct 31, 2025	$0.1200	regular
Sep 15, 2025	Sep 30, 2025	$0.1200	regular