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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.0839 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock Credit Allocation Income Trust Price Performance

NYSE BTZ opened at $9.77 on Friday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.70 and a 12-month high of $11.18. The firm has a 50-day moving average price of $10.12 and a two-hundred day moving average price of $10.18.

Institutional Trading of BlackRock Credit Allocation Income Trust

Large investors have recently made changes to their positions in the company. Rareview Capital LLC lifted its stake in BlackRock Credit Allocation Income Trust by 14.2% during the second quarter. Rareview Capital LLC now owns 420,186 shares of the investment management company’s stock worth $4,588,000 after purchasing an additional 52,274 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 28.1% in the second quarter. Susquehanna International Group LLP now owns 67,473 shares of the investment management company’s stock worth $690,000 after acquiring an additional 14,798 shares during the last quarter. IMC Chicago LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter valued at approximately $425,000. Beacon Pointe Advisors LLC acquired a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter worth approximately $124,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in BlackRock Credit Allocation Income Trust in the second quarter valued at approximately $508,000.

About BlackRock Credit Allocation Income Trust

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.