BlackRock Credit Allocation Income Trust (NYSE:BTZ) Plans Monthly Dividend of $0.08

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.084 per share by the investment management company on Friday, May 31st. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock Credit Allocation Income Trust Price Performance

NYSE:BTZ traded up $0.14 on Friday, reaching $10.38. The stock had a trading volume of 258,430 shares, compared to its average volume of 277,891. BlackRock Credit Allocation Income Trust has a 12-month low of $9.10 and a 12-month high of $11.13. The firm’s fifty day moving average is $10.52 and its two-hundred day moving average is $10.32.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.