BlackRock California Municipal Income Trust (BFZ) To Go Ex-Dividend on November 15th

BlackRock California Municipal Income Trust (NYSE:BFZ) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.059 per share on Monday, December 2nd. This represents a $0.71 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock California Municipal Income Trust has increased its dividend payment by an average of 1.4% annually over the last three years.

BlackRock California Municipal Income Trust Trading Down 0.7 %

BFZ stock traded down $0.08 during mid-day trading on Wednesday, hitting $11.61. 180,862 shares of the stock were exchanged, compared to its average volume of 71,015. The business has a fifty day moving average price of $11.98 and a 200 day moving average price of $11.91. BlackRock California Municipal Income Trust has a 12 month low of $10.70 and a 12 month high of $12.31.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $11.82, for a total value of $358,063.26. Following the completion of the sale, the insider now owns 5,200,088 shares of the company’s stock, valued at approximately $61,465,040.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

BlackRock California Municipal Income Trust Company Profile

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.