Blackrock Credit Allocation Income Trust (BTZ) to Issue Monthly Dividend of $0.07
Blackrock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Friday, December 1st, NASDAQ reports. Stockholders of record on Tuesday, December 12th will be given a dividend of 0.067 per share by the investment management company on Friday, December 29th. This represents a $0.80 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Monday, December 11th.
Blackrock Credit Allocation Income Trust has decreased its dividend by an average of 1.6% annually over the last three years.
Blackrock Credit Allocation Income Trust (BTZ) traded up $0.02 during trading hours on Wednesday, hitting $13.28. The stock had a trading volume of 133,900 shares, compared to its average volume of 195,131. Blackrock Credit Allocation Income Trust has a 1-year low of $12.43 and a 1-year high of $13.66.
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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