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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be paid a dividend of 0.0839 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Friday, August 14th.

BlackRock Credit Allocation Income Trust Trading Up 0.3%

Shares of BTZ stock opened at $10.28 on Wednesday. The stock has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $10.27. BlackRock Credit Allocation Income Trust has a 1 year low of $9.70 and a 1 year high of $11.18.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.