Positive Media Coverage Somewhat Unlikely to Impact Blackrock Credit Allocation Income Trust (BTZ) Stock Price
Headlines about Blackrock Credit Allocation Income Trust (NYSE:BTZ) have trended positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Blackrock Credit Allocation Income Trust earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 47.6415349489316 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Blackrock Credit Allocation Income Trust (BTZ) traded up $0.01 during midday trading on Friday, hitting $13.44. The stock had a trading volume of 128,565 shares.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.067 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Tuesday, November 14th.
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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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