BlackRock Credit Allocation Income Trust (NYSE:BTZ) Increases Dividend to $0.08 Per Share

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.0839 per share by the investment management company on Monday, March 31st. This represents a $1.01 dividend on an annualized basis and a yield of 9.45%. The ex-dividend date of this dividend is Friday, March 14th. This is a 18.2% increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust has decreased its dividend payment by an average of 0.9% annually over the last three years.

BlackRock Credit Allocation Income Trust Price Performance

NYSE:BTZ traded up $0.04 on Wednesday, reaching $10.66. The stock had a trading volume of 33,527 shares, compared to its average volume of 250,485. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30. The firm’s fifty day moving average is $10.70 and its two-hundred day moving average is $10.86.

About BlackRock Credit Allocation Income Trust

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.