Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Free Report) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $10.06 and traded as low as $9.29. BlackRock Credit Allocation Income Trust shares last traded at $9.4150, with a volume of 410,402 shares trading hands.
BlackRock Credit Allocation Income Trust Trading Up 0.6%
The firm’s fifty day moving average price is $9.87 and its 200-day moving average price is $10.06.
BlackRock Credit Allocation Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a dividend of $0.0839 per share. This represents a $1.01 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Friday, December 11th.
Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust
BlackRock Credit Allocation Income Trust Company Profile
BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored and managed by BlackRock, Inc The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing in a diversified portfolio of credit-related fixed-income securities.
BTZ invests primarily in debt obligations issued by corporations and other organizations. Its portfolio may include investment-grade and below-investment-grade bonds, senior and subordinated debt, loans, and other credit instruments.
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