BlackRock Floating Rate Income Strategies Fund, Inc.
FRAFinancial Services · Stock · monthly payer
Forward Yield
13.81%
Annual Dividend
$1.49
Payout Ratio
362%
5-Yr Growth
10.0%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) yields 13.81% ($1.49 per share annually), with a blended fair-value estimate of $24.79 — +128% upside, so it screens as undervalued. Dividend safety grade: C (56/100).
Is FRA a good dividend stock?
MixedBlackRock Floating Rate Income Strategies Fund, Inc. (FRA) pays a monthly dividend yielding 13.81% ($1.49/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 10.0% 5-yr dividend growth
Risks
- Cut its dividend in 2021
- Elevated payout ratio (362%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 13.81%
- Payout Ratio
- 362%
- Annual Dividend
- $1.49
- 5-Yr Avg Growth
- 10.0%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.41
- Market Cap
- —
- P/E Ratio
- 26.4
- 5-Yr Total Return
- -19%
- 52-Week Range
- $10.50 – $13.29
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
FRA Price — Last 12 Months
Daily close
Price Return
1 Year
-17%
3 Years
-14%
5 Years
-19%
52-Week Range
$10.50 – $13.29
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FRA worth?
Undervaluedlow confidenceOur blended fair-value estimate for BlackRock Floating Rate Income Strategies Fund, Inc. is $24.79 per share, versus a market price of $10.88. That implies 128% of upside — a margin of safety of about 56%.
Fair Value
$24.79
Current Price
$10.88
Upside
+128%
Margin of Safety
56%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.3% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.41 EPS, $1.49 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FRA 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 | — | $0.1240 | regular |
| Jul 15, 2026 | — | $0.1240 | regular |
| Jun 15, 2026 | — | $0.1240 | regular |
| May 15, 2026 | — | $0.1240 | regular |
| Apr 15, 2026 | — | $0.1240 | regular |
| Mar 13, 2026 | — | $0.1240 | regular |
| Feb 13, 2026 | — | $0.1240 | regular |
| Jan 20, 2026 | — | $0.1240 | regular |
| Dec 22, 2025 | — | $0.1240 | regular |
| Nov 14, 2025 | — | $0.1240 | regular |
| Oct 15, 2025 | — | $0.1240 | regular |
| Sep 15, 2025 | — | $0.1240 | regular |
| Aug 15, 2025 | — | $0.1240 | regular |
| Jul 15, 2025 | — | $0.1240 | regular |
Income Calculator
At $1.49 / yr per share
