Positive News Coverage Somewhat Unlikely to Impact Blackrock Credit Allocation Income Trust (BTZ) Share Price
News stories about Blackrock Credit Allocation Income Trust (NYSE:BTZ) have trended positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackrock Credit Allocation Income Trust earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 47.4203872001455 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Blackrock Credit Allocation Income Trust (NYSE BTZ) opened at 13.39 on Tuesday. Blackrock Credit Allocation Income Trust has a 52 week low of $12.05 and a 52 week high of $13.70. The company has a 50-day moving average price of $13.42 and a 200 day moving average price of $13.28.
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.071 per share. The ex-dividend date is Friday, August 11th. This represents a $0.85 dividend on an annualized basis and a yield of 6.36%.
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About Blackrock Credit Allocation Income Trust
BlackRock Credit Allocation Income Trust (the Trust) is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in industries, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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