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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.0839 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend is Friday, February 13th.

BlackRock Credit Allocation Income Trust Trading Up 0.3%

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.78 on Wednesday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.54 and a 12-month high of $11.18. The business’s 50 day moving average is $10.75 and its 200-day moving average is $10.92.

BlackRock Credit Allocation Income Trust Company Profile

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.