BlackRock Credit Allocation Income Trust (NYSE:BTZ) to Issue Dividend Increase – $0.08 Per Share

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.0839 per share by the investment management company on Friday, January 31st. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.61%. The ex-dividend date is Wednesday, January 15th. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ stock opened at $10.48 on Monday. The business’s 50-day moving average price is $10.76 and its 200-day moving average price is $10.87. BlackRock Credit Allocation Income Trust has a 12 month low of $9.92 and a 12 month high of $11.30.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.