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

BlackRock California Municipal Income Trust (NYSE:BFZ) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders 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 annualized dividend and a dividend 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

Shares of BlackRock California Municipal Income Trust stock remained flat at $11.71 during mid-day trading on Friday. 119,292 shares of the company were exchanged, compared to its average volume of 77,992. BlackRock California Municipal Income Trust has a 1-year low of $11.41 and a 1-year high of $12.31. The company has a fifty day simple moving average of $11.78 and a 200-day simple moving average of $11.90.

Insider Transactions at BlackRock California Municipal Income Trust

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $11.82, for a total value of $358,063.26. Following the completion of the sale, the insider now owns 5,200,088 shares in the company, valued at approximately $61,465,040.16. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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.