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

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

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ stock traded up $0.14 during trading hours on Friday, hitting $10.38. 258,430 shares of the company’s stock were exchanged, compared to its average volume of 277,891. The stock’s 50-day moving average is $10.52 and its 200-day moving average is $10.33. BlackRock Credit Allocation Income Trust has a 52 week low of $9.10 and a 52 week high of $11.13.

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.