Blackrock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Tuesday, April 2nd, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.067 per share by the investment management company on Tuesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend is Friday, April 12th.
Blackrock Credit Allocation Income Trust has decreased its dividend by an average of 3.2% per year over the last three years.
NYSE BTZ traded up $0.04 during trading hours on Wednesday, reaching $12.57. 36,402 shares of the company traded hands, compared to its average volume of 293,470. Blackrock Credit Allocation Income Trust has a 12 month low of $11.06 and a 12 month high of $12.65.
BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.
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