BlackRock Credit Allocation Income Trust Declares Monthly Dividend of $0.08 (NYSE:BTZ)

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.0839 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Friday, February 13th.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ stock opened at $10.78 on Wednesday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.54 and a 12-month high of $11.18. The firm has a fifty day moving average of $10.75 and a 200-day moving average of $10.92.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in BlackRock Credit Allocation Income Trust by 1,891.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock worth $16,394,000 after purchasing an additional 1,437,794 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 19.4% in the second quarter. Bank of America Corp DE now owns 4,571,453 shares of the investment management company’s stock valued at $49,920,000 after purchasing an additional 742,650 shares in the last quarter. Emissary Wealth LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth about $2,863,000. Cary Street Partners Financial LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the second quarter worth about $1,829,000. Finally, Raymond James Financial Inc. grew its holdings in shares of BlackRock Credit Allocation Income Trust by 8.6% during the second quarter. Raymond James Financial Inc. now owns 1,483,929 shares of the investment management company’s stock worth $16,205,000 after buying an additional 117,660 shares in the last quarter.

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.