BlackRock Credit Allocation Income Trust (NYSE:BTZ) Plans Dividend Increase – $0.08 Per Share

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Investors of record on Monday, September 16th will be paid a dividend of 0.0839 per share by the investment management company on Monday, September 30th. This represents a $1.01 annualized dividend and a dividend yield of 9.03%. The ex-dividend date of this dividend is Monday, September 16th. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE BTZ opened at $11.15 on Friday. BlackRock Credit Allocation Income Trust has a 12 month low of $9.10 and a 12 month high of $11.16. The stock has a 50-day moving average price of $10.89 and a two-hundred day moving average price of $10.66.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.