BlackRock Credit Allocation Income Trust (NYSE:BTZ) Plans Monthly Dividend of $0.08

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.0839 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Friday, March 13th.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE BTZ traded down $0.09 during midday trading on Wednesday, reaching $10.25. The company’s stock had a trading volume of 133,768 shares, compared to its average volume of 300,855. The stock has a 50 day simple moving average of $10.66 and a 200-day simple moving average of $10.86. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.54 and a fifty-two week high of $11.18.

About BlackRock Credit Allocation Income Trust

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.