BlackRock Credit Allocation Income Trust (BTZ) to Issue Monthly Dividend of $0.08 on December 31st

by · The Cerbat Gem

BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Free Report) declared a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be paid a dividend of 0.0839 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ traded up $0.03 during trading on Friday, reaching $10.87. 176,001 shares of the company’s stock were exchanged, compared to its average volume of 228,174. BlackRock Credit Allocation Income Trust has a 1 year low of $9.54 and a 1 year high of $11.18. The company’s fifty day simple moving average is $10.96 and its 200-day simple moving average is $10.95.

About BlackRock Credit Allocation Income Trust

(Get Free Report)

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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