BlackRock Credit Allocation Income Trust (NYSE:BTZ) Raises Dividend to $0.08 Per Share

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.0839 per share by the investment management company on Friday, January 31st. The ex-dividend date is Wednesday, January 15th. This is an increase from BlackRock Credit Allocation Income Trust’s previous dividend of $0.07.

BlackRock Credit Allocation Income Trust Stock Up 0.8 %

BTZ stock traded up $0.08 on Friday, hitting $10.58. 313,802 shares of the company’s stock were exchanged, compared to its average volume of 236,551. The firm has a 50 day moving average price of $10.79 and a two-hundred day moving average price of $10.87. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30.

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.