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, January 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.0839 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Friday, February 13th.

BlackRock Credit Allocation Income Trust Stock Up 0.2%

Shares of BTZ stock traded up $0.03 during mid-day trading on Wednesday, reaching $10.80. The stock had a trading volume of 29,157 shares, compared to its average volume of 302,959. BlackRock Credit Allocation Income Trust has a 1-year low of $9.54 and a 1-year high of $11.18. The business’s fifty day moving average is $10.75 and its 200-day moving average is $10.92.

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.