BlackRock Credit Allocation Income Trust (BTZ) to Issue Monthly Dividend of $0.08 on January 30th

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be given a dividend of 0.0839 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date is Tuesday, January 20th.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE:BTZ opened at $10.66 on Friday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.54 and a 12-month high of $11.18. The stock’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $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.