BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Free Report) declared a monthly dividend on Friday, December 12th. Shareholders of record on Monday, December 22nd will be given a dividend of 0.0839 per share by the investment management company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Monday, December 22nd.
BlackRock Credit Allocation Income Trust Stock Up 0.3%
NYSE BTZ opened at $10.87 on Friday. BlackRock Credit Allocation Income Trust has a 1-year low of $9.54 and a 1-year high of $11.18. The company has a 50 day moving average of $10.96 and a 200-day moving average of $10.95.
About BlackRock Credit Allocation Income Trust
BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.
The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.
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