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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Thursday, September 10th. Investors of record on Friday, November 13th will be paid a dividend of 0.0839 per share by the investment management company on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Friday, November 13th.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE BTZ opened at $9.77 on Friday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.70 and a 1 year high of $11.18. The firm has a 50-day moving average of $10.12 and a 200 day moving average of $10.18.

Institutional Trading of BlackRock Credit Allocation Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Ibex Wealth Advisors raised its position in shares of BlackRock Credit Allocation Income Trust by 0.9% during the 1st quarter. Ibex Wealth Advisors now owns 108,640 shares of the investment management company’s stock valued at $1,097,000 after purchasing an additional 992 shares during the period. NewEdge Advisors LLC lifted its position in shares of BlackRock Credit Allocation Income Trust by 3.8% in the third quarter. NewEdge Advisors LLC now owns 29,885 shares of the investment management company’s stock valued at $330,000 after acquiring an additional 1,100 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 4.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 27,600 shares of the investment management company’s stock worth $299,000 after purchasing an additional 1,102 shares in the last quarter. Elevation Point Wealth Partners LLC raised its stake in BlackRock Credit Allocation Income Trust by 1.7% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 81,558 shares of the investment management company’s stock valued at $883,000 after purchasing an additional 1,332 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in BlackRock Credit Allocation Income Trust by 2.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 77,614 shares of the investment management company’s stock worth $841,000 after purchasing an additional 1,610 shares during the period.

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.