BlackRock Credit Allocation Income Trust (BTZ) to Issue Monthly Dividend of $0.08 on March 31st

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.0839 per share by the investment management company on Monday, March 31st. This represents a $1.01 annualized dividend and a yield of 9.45%. The ex-dividend date is Friday, March 14th. This is a 18.2% increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust has decreased its dividend payment by an average of 0.9% per year over the last three years.

BlackRock Credit Allocation Income Trust Stock Up 0.3 %

BlackRock Credit Allocation Income Trust stock traded up $0.04 during trading hours on Wednesday, hitting $10.66. The stock had a trading volume of 33,527 shares, compared to its average volume of 250,485. BlackRock Credit Allocation Income Trust has a 1-year low of $9.92 and a 1-year high of $11.30. The stock’s fifty day moving average is $10.70 and its two-hundred day moving average is $10.86.

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.