BlackRock Credit Allocation Income Trust (BTZ) to Issue Monthly Dividend of $0.08 on May 29th

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.0839 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Friday, May 15th.

BlackRock Credit Allocation Income Trust Price Performance

BlackRock Credit Allocation Income Trust stock opened at $10.25 on Wednesday. The company’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $10.61. BlackRock Credit Allocation Income Trust has a twelve month low of $9.70 and a twelve month high of $11.18.

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.