Blackrock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.067 per share by the investment management company on Wednesday, July 31st. This represents a $0.80 annualized dividend and a dividend yield of 6.16%. The ex-dividend date is Friday, July 12th.
Blackrock Credit Allocation Income Trust has decreased its dividend by an average of 3.2% annually over the last three years.
Shares of NYSE:BTZ opened at $13.06 on Wednesday. The company has a 50-day moving average price of $12.83. Blackrock Credit Allocation Income Trust has a fifty-two week low of $11.06 and a fifty-two week high of $13.17.
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.
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