Blackrock Credit Allocation Income Trust to Issue Monthly Dividend of $0.07 (BTZ)

Blackrock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Tuesday, December 12th will be paid a dividend of 0.067 per share by the investment management company on Tuesday, December 19th. This represents a $0.80 annualized dividend and a yield of 6.06%. The ex-dividend date is Monday, December 11th.

Blackrock Credit Allocation Income Trust has decreased its dividend by an average of 1.6% annually over the last three years.

Blackrock Credit Allocation Income Trust (NYSE BTZ) remained flat at $$13.26 during trading hours on Monday. 144,986 shares of the company’s stock traded hands, compared to its average volume of 195,394. Blackrock Credit Allocation Income Trust has a 12 month low of $12.43 and a 12 month high of $13.66.

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Blackrock Credit Allocation Income Trust Company Profile

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.

Dividend History for Blackrock Credit Allocation Income Trust (NYSE:BTZ)

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