BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.0839 per share by the investment management company on Wednesday, April 30th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend is Tuesday, April 15th.
BlackRock Credit Allocation Income Trust has decreased its dividend by an average of 0.9% annually over the last three years.
BlackRock Credit Allocation Income Trust Stock Performance
BTZ opened at $10.01 on Friday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.54 and a fifty-two week high of $11.30. The firm has a 50-day moving average of $10.62 and a 200 day moving average of $10.75.
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.
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