BlackRock California Municipal Income Trust Plans Monthly Dividend of $0.05 (NYSE:BFZ)

BlackRock California Municipal Income Trust (NYSE:BFZ) declared a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be given a dividend of 0.0507 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock California Municipal Income Trust Trading Up 0.1%

Shares of NYSE BFZ opened at $11.03 on Friday. BlackRock California Municipal Income Trust has a 12-month low of $10.17 and a 12-month high of $11.47. The firm’s 50-day simple moving average is $10.87 and its 200 day simple moving average is $10.78.

BlackRock California Municipal Income Trust Company Profile

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.