Blackrock Credit Allocation Income Trust Announces Monthly Dividend of $0.07 (BTZ)
Blackrock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be given a dividend of 0.067 per share by the investment management company on Tuesday, October 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.93%. The ex-dividend date is Friday, October 13th.
Blackrock Credit Allocation Income Trust has decreased its dividend payment by an average of 1.6% per year over the last three years.
Shares of Blackrock Credit Allocation Income Trust (BTZ) traded down 0.59% during mid-day trading on Tuesday, hitting $13.56. The company had a trading volume of 160,690 shares. The firm has a 50-day moving average price of $13.44 and a 200 day moving average price of $13.37. Blackrock Credit Allocation Income Trust has a 52-week low of $12.05 and a 52-week high of $13.66.
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.
Receive News & Ratings for Blackrock Credit Allocation Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Credit Allocation Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.