Blackrock Credit Allocation Income Trust to Issue Monthly Dividend of $0.07 (BTZ)
Blackrock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Friday, September 1st, NASDAQ reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.071 per share by the investment management company on Monday, October 2nd. This represents a $0.85 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend is Thursday, September 14th.
Blackrock Credit Allocation Income Trust has decreased its dividend by an average of 1.6% per year over the last three years.
Shares of Blackrock Credit Allocation Income Trust (BTZ) traded down 0.44% on Friday, hitting $13.45. The stock had a trading volume of 91,855 shares. The firm has a 50-day moving average of $13.43 and a 200 day moving average of $13.30. Blackrock Credit Allocation Income Trust has a 1-year low of $12.05 and a 1-year high of $13.60.
Blackrock Credit Allocation Income Trust Company Profile
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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