BlackRock California Municipal Income Trust (NYSE:BFZ – Get Free Report) announced a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.0507 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, December 22nd.
BlackRock California Municipal Income Trust Price Performance
Shares of NYSE:BFZ remained flat at $10.83 during midday trading on Friday. 100,587 shares of the company were exchanged, compared to its average volume of 108,359. BlackRock California Municipal Income Trust has a fifty-two week low of $10.17 and a fifty-two week high of $11.59. The stock’s fifty day moving average price is $10.91 and its two-hundred day moving average price is $10.78.
About BlackRock California Municipal Income Trust
BlackRock California Municipal Income Trust (NYSE: BFZ) is a diversified, closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. Launched and managed by BlackRock Advisors, LLC, the fund primarily invests in a portfolio of investment-grade municipal obligations issued by California state and local governments. Its holdings include general obligation bonds, revenue bonds and other limited-obligation securities that finance infrastructure and public services across the state.
The fund’s investment objective emphasizes tax-exempt income through active portfolio management.
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