Blackrock Credit Allocation Income Trust (NYSE:BTZ) to Issue $0.07 Monthly Dividend

Blackrock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Monday, June 3rd, NASDAQ reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.067 per share by the investment management company on Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend is Thursday, June 13th.

Blackrock Credit Allocation Income Trust has decreased its dividend by an average of 3.2% per year over the last three years.

NYSE BTZ traded up $0.02 on Wednesday, hitting $12.88. 11,606 shares of the stock were exchanged, compared to its average volume of 265,788. Blackrock Credit Allocation Income Trust has a fifty-two week low of $11.06 and a fifty-two week high of $12.93.

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Blackrock Credit Allocation Income Trust Company Profile

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.

See Also: Cost of Capital

Dividend History for Blackrock Credit Allocation Income Trust (NYSE:BTZ)

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