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

BlackRock California Municipal Income Trust (NYSE:BFZ) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.059 per share on Monday, March 3rd. This represents a $0.71 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date of this dividend is Friday, February 14th.

BlackRock California Municipal Income Trust has increased its dividend payment by an average of 9.8% per year over the last three years.

BlackRock California Municipal Income Trust Trading Up 0.0 %

Shares of BFZ stock traded up $0.01 during trading hours on Tuesday, hitting $11.31. 226,513 shares of the company’s stock were exchanged, compared to its average volume of 82,419. BlackRock California Municipal Income Trust has a fifty-two week low of $11.10 and a fifty-two week high of $12.23. The firm has a 50 day moving average of $11.41 and a two-hundred day moving average of $11.74.

Insider Transactions at BlackRock California Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 20,717 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $11.27, for a total transaction of $233,480.59. Following the completion of the sale, the insider now owns 4,977,191 shares of the company’s stock, valued at $56,092,942.57. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 225,019 shares of company stock valued at $2,543,345 over the last 90 days.

About BlackRock California Municipal Income Trust

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.