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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0839 per share by the investment management company on Friday, February 28th. This represents a $1.01 annualized dividend and a dividend yield of 9.25%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE BTZ opened at $10.89 on Wednesday. The company has a fifty day moving average of $10.68 and a 200 day moving average of $10.87. BlackRock Credit Allocation Income Trust has a 1 year low of $9.92 and a 1 year high of $11.30.

About BlackRock Credit Allocation Income Trust

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.