BlackRock California Municipal Income Trust Plans Monthly Dividend of $0.06 (NYSE:BFZ)

BlackRock California Municipal Income Trust (NYSE:BFZ) declared a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.059 per share on Tuesday, September 3rd. This represents a $0.71 annualized dividend and a dividend yield of 5.86%. The ex-dividend date of this dividend is Thursday, August 15th.

BlackRock California Municipal Income Trust has raised its dividend payment by an average of 1.4% annually over the last three years.

BlackRock California Municipal Income Trust Price Performance

BFZ stock traded up $0.08 during trading on Friday, hitting $12.08. 84,413 shares of the company’s stock were exchanged, compared to its average volume of 62,562. The business has a 50-day moving average price of $11.94 and a two-hundred day moving average price of $11.80. BlackRock California Municipal Income Trust has a 52-week low of $9.86 and a 52-week high of $12.31.

BlackRock California Municipal Income Trust Company Profile

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.