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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Monday, May 5th, Wall Street Journal reports. Shareholders of record on Thursday, May 15th will be given a dividend of 0.0839 per share by the investment management company on Friday, May 30th. This represents a $1.01 dividend on an annualized basis and a yield of 9.51%. The ex-dividend date of this dividend is Thursday, May 15th.

BlackRock Credit Allocation Income Trust has decreased its dividend by an average of 0.9% per year over the last three years.

BlackRock Credit Allocation Income Trust Trading Down 0.0%

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.59 on Tuesday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.54 and a 12-month high of $11.30. The company has a 50-day simple moving average of $10.46 and a 200 day simple moving average of $10.65.

BlackRock Credit Allocation Income Trust Company Profile

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.