May 1, 2026, 10:08 AMseekingalpha.comBGT
BGT: The 13% Dividend Yield Is Not Supported By Earnings
Financial reportsProfit distribution and payments
BlackRock Floating Rate Income Trust remains a sell due to persistent NAV erosion and unsustainable dividend payouts. BGT's current 13.1% yield is not covered by earnings, with distributions nearly double net investment income for the 2025 period. The fund's high exposure to below-investment-grade debt and reliance on a favorable rate environment heighten default and earnings risks.
