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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Friday, February 27th. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.0839 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Wednesday, April 15th.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ stock opened at $10.39 on Monday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.70 and a 12-month high of $11.18. The business has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $10.70.

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.