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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Friday, December 12th. Shareholders of record on Monday, December 22nd will be given a dividend of 0.0839 per share by the investment management company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Monday, December 22nd.

BlackRock Credit Allocation Income Trust Stock Performance

BlackRock Credit Allocation Income Trust stock opened at $10.87 on Friday. BlackRock Credit Allocation Income Trust has a 52-week low of $9.54 and a 52-week high of $11.18. The firm has a 50 day moving average price of $10.96 and a two-hundred day moving average price of $10.95.

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.