BlackRock California Municipal Income Trust (BFZ) To Go Ex-Dividend on January 20th

BlackRock California Municipal Income Trust (NYSE:BFZ) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.0507 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, January 20th.

BlackRock California Municipal Income Trust Price Performance

NYSE:BFZ opened at $11.03 on Friday. BlackRock California Municipal Income Trust has a 1-year low of $10.17 and a 1-year high of $11.47. The business’s 50-day moving average price is $10.87 and its two-hundred day moving average price is $10.78.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its stake in shares of BlackRock California Municipal Income Trust by 51.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 494,599 shares of the company’s stock valued at $5,312,000 after buying an additional 167,341 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of BlackRock California Municipal Income Trust by 1.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 252,580 shares of the company’s stock worth $2,713,000 after purchasing an additional 2,449 shares during the last quarter. Cypress Wealth Services LLC increased its stake in shares of BlackRock California Municipal Income Trust by 2.1% during the 4th quarter. Cypress Wealth Services LLC now owns 56,298 shares of the company’s stock worth $605,000 after purchasing an additional 1,159 shares during the last quarter. Dakota Wealth Management bought a new stake in shares of BlackRock California Municipal Income Trust in the 4th quarter valued at about $290,000. Finally, Myecfo LLC acquired a new stake in BlackRock California Municipal Income Trust in the 4th quarter valued at about $479,000.

About BlackRock California Municipal Income Trust

BlackRock California Municipal Income Trust (NYSE: BFZ) is a diversified, closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. Launched and managed by BlackRock Advisors, LLC, the fund primarily invests in a portfolio of investment-grade municipal obligations issued by California state and local governments. Its holdings include general obligation bonds, revenue bonds and other limited-obligation securities that finance infrastructure and public services across the state.

The fund’s investment objective emphasizes tax-exempt income through active portfolio management.