BlackRock Credit Allocation Income Trust (NYSE:BTZ) Increases Dividend to $0.08 Per Share

BlackRock Credit Allocation Income Trust (NYSE:BTZGet Free Report) declared a monthly dividend on Thursday, September 12th, NASDAQ reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.0839 per share by the investment management company on Thursday, October 31st. This represents a $1.01 annualized dividend and a yield of 9.05%. The ex-dividend date of this dividend is Tuesday, October 15th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $11.13 on Monday. The stock’s fifty day moving average is $11.05 and its 200 day moving average is $10.71. BlackRock Credit Allocation Income Trust has a one year low of $9.10 and a one year high of $11.30.

BlackRock Credit Allocation Income Trust Company Profile

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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.

Further Reading

Dividend History for BlackRock Credit Allocation Income Trust (NYSE:BTZ)

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