BlackRock Credit Allocation Income Trust Plans Monthly Dividend of $0.08 (NYSE:BTZ)

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.0839 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Thursday, October 15th.

BlackRock Credit Allocation Income Trust Trading Down 1.3%

Shares of NYSE BTZ opened at $9.77 on Friday. BlackRock Credit Allocation Income Trust has a 52-week low of $9.70 and a 52-week high of $11.18. The firm’s fifty day moving average is $10.12 and its two-hundred day moving average is $10.18.

About BlackRock Credit Allocation Income Trust

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.