BlackRock California Municipal Income Trust (NYSE:BFZ) to Issue $0.05 Monthly Dividend

BlackRock California Municipal Income Trust (NYSE:BFZ) announced a monthly dividend on Friday, December 12th. Shareholders of record on Monday, December 22nd will be given a dividend of 0.0507 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock California Municipal Income Trust Price Performance

Shares of BFZ opened at $10.83 on Friday. The stock has a 50 day moving average price of $10.91 and a 200 day moving average price of $10.78. BlackRock California Municipal Income Trust has a 52-week low of $10.17 and a 52-week high of $11.59.

BlackRock California Municipal Income Trust Company Profile

BlackRock California Municipal Income Trust (NYSE: BFZ) is a diversified, closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. Launched and managed by BlackRock Advisors, LLC, the fund primarily invests in a portfolio of investment-grade municipal obligations issued by California state and local governments. Its holdings include general obligation bonds, revenue bonds and other limited-obligation securities that finance infrastructure and public services across the state.

The fund’s investment objective emphasizes tax-exempt income through active portfolio management.