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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Friday, June 5th. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.0839 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Wednesday, July 15th.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ stock opened at $10.21 on Monday. BlackRock Credit Allocation Income Trust has a 12 month low of $9.70 and a 12 month high of $11.18. The company’s fifty day moving average price is $10.16 and its 200-day moving average price is $10.37.

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.