BlackRock Credit Allocation Income Trust (BTZ) To Go Ex-Dividend on July 15th

BlackRock Credit Allocation Income Trust (NYSE:BTZGet Free Report) declared a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0839 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Wednesday, July 15th.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE:BTZ opened at $10.21 on Monday. The company’s 50-day moving average is $10.16 and its two-hundred day moving average is $10.37. BlackRock Credit Allocation Income Trust has a 12-month low of $9.70 and a 12-month high of $11.18.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in BlackRock Credit Allocation Income Trust during the first quarter worth approximately $34,000. Comerica Bank raised its holdings in BlackRock Credit Allocation Income Trust by 136.5% in the 3rd quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock valued at $45,000 after acquiring an additional 2,345 shares during the last quarter. Advisory Services Network LLC acquired a new position in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at $103,000. Stephens Inc. AR purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 1st quarter worth $106,000. Finally, Equitable Holdings Inc. purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 3rd quarter worth $113,000.

BlackRock Credit Allocation Income Trust Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for BlackRock Credit Allocation Income Trust (NYSE:BTZ)

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