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 Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.0839 per share by the investment management company on Wednesday, July 31st. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date is Monday, July 15th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ opened at $10.62 on Wednesday. The stock’s fifty day simple moving average is $10.50 and its 200 day simple moving average is $10.57. BlackRock Credit Allocation Income Trust has a 1-year low of $9.10 and a 1-year high of $11.13.

BlackRock Credit Allocation Income Trust Company Profile

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.