BGT CEF — BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust (BGT)

Updated November 12, 2026.

BGT is a CEF. Its distribution rate is 14.42%, its trailing-12-month yield is 15.62%, its expense ratio is 1.7897%. Dividend Vision Distribution Safety Score™ is 86/100 (Safe). Total return is 202.2% over the past 22.2 years, 722.3 points behind SPY at 924.5%.

At the current 14.42% distribution rate, a $10,000 investment would generate approximately $1,442 per year, or $120.17 per month.

BGT performance versus SPY

As of Nov 12, 2026

Total return is 202.2% over the past 22.2 years, 722.3 points behind SPY at 924.5%. Over the past year its total return — price change plus distributions reinvested — is -1.4%. Its deepest 1-year drawdown was 10.3%.

BGT key facts

Distribution Safety Score™

86 · Safe

Safety-Adjusted Yield

12.40%

Issuer

BlackRock

Asset type

CEF

Asset class

Fixed Income

Inception date

08/26/2004

Expense ratio

1.7897%

Distribution rate

14.42%

Distribution frequency

Monthly

Trailing yield

15.62%

5-year average yield

9.42

Last close

$10.01 (as of 2026-11-12)

NAV

$10.88; NAV date unknown

Premium / discount

Premium not shown · NAV date unknown

Market cap

$298,545,440

Average volume

157,988

Dividend

$0.1203

Ex-dividend date

11/13/2026

Payment date

11/30/2026

Beta

0.502

AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (14.42%) uses latest regular dividend ($0.12028) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (15.62%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: BlackRock; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BGT risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.3%.

Who may consider BGT — and who may not

BGT may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BGT

• CEFs going ex-dividend this week
• BlackRock upcoming distributions
• All tickers starting with B

Frequently asked questions

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