Blackrock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Monday, March 4th, Wall Street Journal reports. Investors of record on Friday, March 15th will be given a dividend of 0.067 per share by the investment management company on Friday, March 29th. This represents a $0.80 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend is Thursday, March 14th.
Blackrock Credit Allocation Income Trust has decreased its dividend payment by an average of 3.2% annually over the last three years.
Shares of BTZ stock traded up $0.05 during mid-day trading on Wednesday, reaching $12.23. 16,212 shares of the company were exchanged, compared to its average volume of 293,332. Blackrock Credit Allocation Income Trust has a fifty-two week low of $11.06 and a fifty-two week high of $12.74.
About Blackrock Credit Allocation Income Trust
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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