iShares Floating Rate Bond ETF Announces $0.1773 Monthly Dividend
The iShares Floating Rate Bond ETF (FLOT) has declared a monthly dividend of $0.1773 per share, with the payment scheduled for August 6. Shareholders must be on record by August 3 to receive it, and the ex-dividend date is also set for August 3. The fund currently offers a 30-day SEC yield of 4%, reflecting its performance in generating income from floating rate bonds. The ETF focuses on investing in U.S.-listed investment-grade corporate debt with variable interest rates, making it less sensitive to rising interest rates compared to fixed-rate bond funds. Analysts have noted that FLOT provides a balance between risk and return, offering investors an option for stable cash-plus income during uncertain market conditions.
Tickers: $FLOT