BlackRock California Municipal Income Trust (BFZ) To Go Ex-Dividend on January 15th

BlackRock California Municipal Income Trust (NYSE:BFZ) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.059 per share on Monday, February 3rd. This represents a $0.71 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend is Wednesday, January 15th.

BlackRock California Municipal Income Trust has increased its dividend payment by an average of 9.7% annually over the last three years.

BlackRock California Municipal Income Trust Trading Down 0.8 %

BFZ opened at $11.23 on Monday. BlackRock California Municipal Income Trust has a one year low of $11.10 and a one year high of $12.23. The business’s 50 day moving average price is $11.53 and its 200 day moving average price is $11.83.

Insider Transactions at BlackRock California Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $11.82, for a total transaction of $358,063.26. Following the completion of the transaction, the insider now owns 5,200,088 shares in the company, valued at approximately $61,465,040.16. The trade was a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

BlackRock California Municipal Income Trust Company Profile

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.