Blackrock Credit Allocation Income Trust (NYSE:BTZ) Declares Dividend Increase – $0.08 Per Share

Blackrock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.084 per share by the investment management company on Thursday, October 31st. This represents a $1.01 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend is Friday, October 11th. This is a positive change from Blackrock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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

Shares of BTZ stock traded up $0.01 during mid-day trading on Thursday, hitting $13.47. 1,200 shares of the stock were exchanged, compared to its average volume of 275,823. The firm has a fifty day moving average of $13.63 and a 200 day moving average of $13.01. Blackrock Credit Allocation Income Trust has a 52-week low of $11.06 and a 52-week high of $13.91.



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

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