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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.0839 per share by the investment management company on Friday, November 29th. This represents a $1.01 annualized dividend and a dividend yield of 9.20%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Trading Up 0.2 %

Shares of NYSE:BTZ traded up $0.02 during midday trading on Wednesday, hitting $10.94. The company’s stock had a trading volume of 104,637 shares, compared to its average volume of 255,317. The stock’s 50 day simple moving average is $11.04 and its 200 day simple moving average is $10.81. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.58 and a fifty-two week high of $11.30.

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.