BlackRock California Municipal Income Trust (BFZ) To Go Ex-Dividend on December 16th

Posted by Jeff Wilder on Dec 14th, 2024

BlackRock California Municipal Income Trust (NYSE:BFZ – Get Free Report) declared a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be paid a dividend of 0.059 per share on Tuesday, December 31st. This represents a $0.71 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend is Monday, December 16th.

BlackRock California Municipal Income Trust has increased its dividend by an average of 1.4% per year over the last three years.

BlackRock California Municipal Income Trust Price Performance

BFZ remained flat at $11.71 during trading on Friday. 119,292 shares of the company’s stock traded hands, compared to its average volume of 77,992. The stock’s 50-day moving average is $11.78 and its 200 day moving average is $11.90. BlackRock California Municipal Income Trust has a 12 month low of $11.41 and a 12 month high of $12.31.

Insider Activity at BlackRock California Municipal Income Trust

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 6,313 shares of BlackRock California Municipal Income Trust stock in a transaction on Monday, October 28th. The shares were sold at an average price of $11.89, for a total value of $75,061.57. Following the completion of the transaction, the insider now owns 5,233,255 shares of the company’s stock, valued at $62,223,401.95. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

About BlackRock California Municipal Income Trust

(Get Free Report)

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.