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

BlackRock California Municipal Income Trust (NYSE:BFZ) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.059 per share on Monday, February 3rd. This represents a $0.71 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Wednesday, January 15th.

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

BlackRock California Municipal Income Trust Price Performance

BFZ stock opened at $11.36 on Friday. The company’s fifty day moving average price is $11.57 and its 200-day moving average price is $11.85. BlackRock California Municipal Income Trust has a one year low of $11.10 and a one year high of $12.23.

Insider Buying and Selling at BlackRock California Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $11.82, for a total transaction of $358,063.26. Following the sale, the insider now directly owns 5,200,088 shares of the company’s stock, valued at $61,465,040.16. This represents a 0.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.