BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Free Report) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, December 11th will be paid a dividend of 0.0839 per share by the investment management company on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Friday, December 11th.
BlackRock Credit Allocation Income Trust Stock Down 1.3%
Shares of NYSE:BTZ opened at $9.77 on Friday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.70 and a fifty-two week high of $11.18. The firm has a 50-day simple moving average of $10.12 and a 200 day simple moving average of $10.18.
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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