BlackRock Credit Allocation Income Trust (NYSE:BTZ) Increases Dividend to $0.08 Per Share

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.0839 per share by the investment management company on Friday, November 29th. This represents a $1.01 dividend on an annualized basis and a yield of 9.25%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ traded down $0.04 during mid-day trading on Thursday, reaching $10.89. The company had a trading volume of 3,019 shares, compared to its average volume of 254,658. BlackRock Credit Allocation Income Trust has a 52 week low of $9.60 and a 52 week high of $11.30. The firm has a 50-day moving average price of $11.04 and a 200 day moving average price of $10.81.

BlackRock Credit Allocation Income Trust Company Profile

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.