BGT: The 13% Dividend Yield Is Not Supported By Earnings
BlackRock Floating Rate Income Trust (BGT) is considered a sell due to its 13.1% dividend yield not being supported by earnings, with distributions nearly double its net investment income in 2025. The fund has experienced persistent net asset value (NAV) erosion, raising concerns about the sustainability of its payouts. High exposure to below-investment-grade debt and sensitivity to interest rate changes further increase its risk profile.
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