Press coverage about Blackrock Credit Allocation Income Trust (NYSE:BTZ) has been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Blackrock Credit Allocation Income Trust earned a media sentiment score of 0.37 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 47.8943988774797 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Blackrock Credit Allocation Income Trust (BTZ) traded down $0.02 on Tuesday, hitting $12.69. 174,900 shares of the stock traded hands, compared to its average volume of 271,884. Blackrock Credit Allocation Income Trust has a 1-year low of $12.57 and a 1-year high of $13.66.
The firm also recently announced a monthly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.067 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date of this dividend is Wednesday, March 14th.
BlackRock Credit Allocation Income Trust (the Trust) is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in industries, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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