BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Free Report) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, July 15th will be paid a dividend of 0.0839 per share by the investment management company on Thursday, July 31st. This represents a $1.01 annualized dividend and a yield of 9.19%. The ex-dividend date of this dividend is Tuesday, July 15th.
BlackRock Credit Allocation Income Trust Stock Down 0.2%
Shares of NYSE:BTZ opened at $10.96 on Friday. BlackRock Credit Allocation Income Trust has a 52 week low of $9.54 and a 52 week high of $11.30. The company has a 50 day moving average price of $10.71 and a two-hundred day moving average price of $10.62.
Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust
A hedge fund recently raised its stake in BlackRock Credit Allocation Income Trust stock. Jane Street Group LLC lifted its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ – Free Report) by 56.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,799 shares of the investment management company’s stock after acquiring an additional 6,455 shares during the period. Jane Street Group LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $191,000 at the end of the most recent quarter.
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.
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