BlackRock California Municipal Income Trust (BFZ) To Go Ex-Dividend on February 14th

Posted by on Feb 5th, 2025

BlackRock California Municipal Income Trust (NYSE:BFZ – Get Free Report) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.059 per share on Monday, March 3rd. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date is Friday, February 14th.

BlackRock California Municipal Income Trust has raised its dividend by an average of 9.8% per year over the last three years.

BlackRock California Municipal Income Trust Stock Performance

Shares of BFZ stock opened at $11.31 on Wednesday. BlackRock California Municipal Income Trust has a twelve month low of $11.10 and a twelve month high of $12.23. The stock’s fifty day simple moving average is $11.41 and its 200 day simple moving average is $11.74.

Insider Transactions at BlackRock California Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 39,580 shares of BlackRock California Municipal Income Trust stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $11.32, for a total transaction of $448,045.60. Following the transaction, the insider now owns 5,160,508 shares in the company, valued at approximately $58,416,950.56. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 225,019 shares of company stock worth $2,543,345.

BlackRock California Municipal Income Trust Company Profile

(Get Free Report)

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.

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Dividend History for BlackRock California Municipal Income Trust (NYSE:BFZ)

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