Blackrock Credit Allocation Income Trust to Issue Monthly Dividend of $0.07 (NYSE:BTZ)
Blackrock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Wednesday, August 2nd, NASDAQ reports. Investors of record on Tuesday, August 15th will be given a dividend of 0.071 per share by the investment management company on Thursday, August 31st. This represents a $0.85 annualized dividend and a dividend yield of 6.31%. The ex-dividend date is Friday, August 11th.
Blackrock Credit Allocation Income Trust has decreased its dividend by an average of 1.6% per year over the last three years.
Blackrock Credit Allocation Income Trust (NYSE BTZ) traded up 0.30% on Thursday, hitting $13.54. 43,856 shares of the company traded hands. Blackrock Credit Allocation Income Trust has a 12 month low of $12.05 and a 12 month high of $13.70. The stock’s 50-day moving average is $13.43 and its 200 day moving average is $13.23.
About Blackrock Credit Allocation Income Trust
BlackRock Credit Allocation Income Trust (the Trust) is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in industries, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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