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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Friday, June 5th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.0839 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Credit Allocation Income Trust Trading Down 0.1%

Shares of BTZ stock opened at $9.74 on Friday. The firm has a 50-day moving average of $10.11 and a 200-day moving average of $10.17. BlackRock Credit Allocation Income Trust has a one year low of $9.70 and a one year high of $11.18.

BlackRock Credit Allocation Income Trust Company Profile

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.