Blackrock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.067 per share by the investment management company on Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date is Wednesday, February 14th.
Blackrock Credit Allocation Income Trust has decreased its dividend by an average of 10.4% annually over the last three years.
Shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) opened at $12.73 on Tuesday. Blackrock Credit Allocation Income Trust has a 1 year low of $12.57 and a 1 year high of $13.66.
About Blackrock Credit Allocation Income Trust
BlackRock Credit Allocation Income Trust (the Trust) is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in industries, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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